Zhou Yanling: 7.26 Bitcoin and Ethereum Latest Trend Prediction Analysis and Trading Strategy
Bitcoin opened yesterday with a direct suppression leading to weakness, continuing the overnight decline in the morning session, and throughout the day it was in a continuous downward trend. In such a scenario, there is no opportunity for a rebound; those eager to go long early will likely incur losses, similar to a short squeeze where prices are pushed up. As long as one hasn't entered the market early, they can only watch from the sidelines. Observing is also a strategy, honing one's mindset, and resisting the urge to act until a suitable long entry point is identified. Although there was a rebound in the latter half of the day, the strength was limited. Currently, based on the weekend's performance, it remains in a weak oscillating pattern. If the upper resistance at 119,000 cannot be broken in the next couple of days, it is advisable not to continue going long; waiting for a high position to short would be more prudent.
From the current market trend, the daily chart shows that prices are in a downward oscillating trend, with several consecutive days of bearish closes and gradually lowering highs. The hourly chart shows a short-term rebound, but overall it is still operating within a descending channel, with support forming around the previous low of 114,700. The MACD on the hourly chart shows the fast and slow lines continuously repairing upwards, but the red histogram is shortening, indicating weakening momentum. After the MACD on the daily chart formed a death cross, the green histogram has expanded, favoring the bears. The RSI on the hourly chart is around 54, not entering the overbought zone, indicating limited rebound strength; the daily RSI is close to 50, in a weak area. The EMA on the hourly chart shows a golden cross between EMA7 and EMA30, but EMA120 is still above, indicating that the short-term rebound has not changed the overall trend. The daily EMA indicators are in a bearish arrangement, with both EMA7 and EMA30 below EMA120. In terms of short-term operations, Yanling suggests focusing on short positions.
Zhou Yanling's 7.26 Bitcoin Trading Strategy:
Short at 118800-118000, stop loss above 119800, target 116000-115000
Long at 115400-116200, stop loss below 113400, target 117500-118500
Zhou Yanling's 7.26 Ethereum Trading Strategy:
Short at 3800-3750, stop loss above 3860, target 3680-3640
Long at 3630-3670, stop loss below 3590, target 3740-3790
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article's 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 (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years, currently focusing on analysis and guidance for 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.
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