Zhou Yanling: 6.21 Bitcoin and Ethereum Latest Trend Prediction Analysis and Trading Strategy
The triggering of a major sell-off is just a matter of time. Although many people are still confused about why the cryptocurrency market is falling, Yanling has already fully accepted this fact. The reasons for the bearish outlook have been explained in previous articles, so there is no need to elaborate further here. Sometimes the market behaves this way; there are countless tempting long positions, but as soon as you enter, you get liquidated because prices keep hitting new lows. On the other hand, shorting does not have ideal rebound highs, and if you chase it directly, you will find short-term rebounds that are hard to grasp. Therefore, shorting now does not require a specific price; patience is the most important.
From the market trend perspective, the daily chart shows that after a significant drop, prices have entered a phase of consolidation. Yesterday formed a long lower shadow, indicating some buying support at lower levels. The hourly chart shows a weak rebound, but overall it is still in a downward channel, with high points gradually decreasing. The technical indicators on the hourly chart, DIF and DEA, are both operating below the zero axis, indicating a clear bearish trend, but the green bars are shortening, suggesting a weakening of bearish momentum. The daily MACD is also below the zero axis, and no clear bullish signals have been seen. The hourly RSI is at 41.76, close to the oversold zone but not yet in it, indicating a weak market sentiment; the daily RSI has slightly rebounded to around 36, still at a low level. The hourly EMA7 (103474) and EMA30 (103950) have crossed downwards, and prices are constrained by the EMA7; the daily EMA120 (104814) is far above the current price, indicating a continued bearish trend in the short term.
6.21 Bitcoin Trading Strategy:
Short at 104800-104000, stop loss above 105800, target 102800-102000, continue to look for a decline towards around 101400.
Long at 102000-102800, stop loss below 100800, target 104000-104800.
6.21 Ethereum Trading Strategy:
Short at 2470-2430, stop loss above 2510, target 2340-2300-2275.
Long at 2280-2320, stop loss below 2250, target 2400-2440.
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.】
This article is exclusively shared by senior analyst Zhou Yanling. The author has been engaged in financial market investment research for over ten years, currently focusing on analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. With a solid theoretical foundation and practical experience, the author excels in combining technical and news-based operations, emphasizing capital management and risk control. The trading style is steady and decisive, recognized by many investors for a friendly and responsible character combined with sharp and decisive operations. For more real-time community guidance, consultation on breaking even, market observation techniques, and candlestick learning, you can follow the teacher to find them.
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