Zhou Yanling: 8.19 Bitcoin and Ethereum Latest Trend Prediction Analysis and Trading Strategy
The current 4-hour consolidation pattern of Bitcoin is about to break, but due to the limited strength of the rebound, the expected price at the top of the channel is not that high, only at 116300. Generally speaking, 116500 should be seen as bearish, which would allow for a trading pullback above 170000, but I do not plan to do that, as this consolidation channel is at its end. In Yanling's experience, there won't be several cycles of fluctuations at the extreme end; that would be too risky. Moreover, this rebound is expected to be V-shaped, so breaking the level is not a problem. The midnight support focuses on the hourly neckline around 114500, maintaining a high short position as the main tone remains unchanged. In the middle position, it is advisable to watch more and act less, cautiously chasing orders, and patiently waiting for key points to enter.
Currently, the daily level has formed consecutive bearish candles, showing a short-term downtrend. The hourly level has just seen a low-level oscillation and small rebound after the US market opened, with small K-line bodies indicating cautious market sentiment. The MACD on the hourly chart is below the zero axis, with both DIF and DEA being negative, and the MACD histogram gradually shortening, indicating a weakening of bearish strength, possibly entering a consolidation phase. The RSI on the hourly chart is at 47, not entering the overbought or oversold zones, but overall leaning towards a weak area, reflecting insufficient market momentum. In the EMA hourly chart, EMA7 and EMA30 have crossed downwards and continue to run downwards, with the price currently close to EMA7, showing signs of short-term support; EMA120 is far from the current price, and the long-term trend remains bearish. The daily operation continues to focus on high shorts.
Zhou Yanling's 8.19 Bitcoin Trading Strategy:
Long at 114500-115500, stop loss below 113500, target 117200-118200
Short at 118500-117500, stop loss above 119500, target 116000-115000
Zhou Yanling's 8.19 Ethereum Trading Strategy:
Short at 4370-4340, stop loss above 4410, target 4210-4170
Long at 4150-4190, stop loss below 4100, target 4280-4330
【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.】
The content of 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 mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. He has a solid theoretical foundation and practical experience, excels in combining technical and news-based operations, emphasizes capital management and risk control, and has a stable and decisive trading style, recognized by many investment friends for his easy-going and responsible character along with sharp and decisive operations.
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