Zhou Yanling: 9.18 Bitcoin BTC and Ethereum ETH Latest Trend Prediction Analysis and Trading Strategy
The Federal Reserve cut interest rates by 25 basis points, in line with market expectations. The price of cryptocurrencies initially rose and then fell, completing a short-term double kill for both bulls and bears; the rate cut news was merely a tool for market washing, with no significant changes in the fundamentals. Although the market has priced in this rate cut, the rate-cutting cycle is not just a one-time event, and the core logic remains unchanged. Moreover, the Fed's rate cut is not the main reason for the rise in cryptocurrency prices, which is a secondary contradiction. Federal Reserve Chairman Jerome Powell stated that this rate cut is for risk management purposes, and there is no need for haste; decisions will be made "on a meeting-by-meeting basis" to observe the interest rate path. The dollar and U.S. Treasury yields initially fell but quickly rebounded, offsetting some of the price gains in cryptocurrencies. Additionally, geopolitical risks such as the intensification of the Russia-Ukraine conflict, tensions in the Middle East, and Europe’s energy and war-related reactions have provided some support for cryptocurrency prices.
Currently, from a technical perspective, Bitcoin's daily chart has been continuously rising recently, with a large bullish candle formed yesterday, breaking through previous highs, indicating strong bullish momentum. The hourly chart shows a fluctuating upward trend, with gradually rising lows and continuously refreshing highs, maintaining a bullish trend in the short term. Technical indicators show that the hourly MACD histogram is positive and expanding, with the fast and slow lines diverging upwards, indicating increased momentum; the daily MACD is also in a golden cross state, favoring bulls. The hourly RSI is around 63, not yet in the overbought zone but leaning towards strength; the daily RSI is at 68, close to the overbought area, necessitating attention to potential pullback risks. The hourly EMA shows EMA7 > EMA30 > EMA120, with moving averages in a bullish arrangement, providing strong support; the daily EMA also shows a bullish arrangement, with prices far from EMA7, indicating a possible need for a pullback.
Zhou Yanling's 9.18 Bitcoin Trading Strategy:
Buy at 116000-116800, stop loss below 115000, target 118000-119000
Sell at 119300-118500, stop loss above 120300, target 117200-116300
Zhou Yanling's 9.18 Ethereum Trading Strategy:
Buy at 4530-4570, stop loss below 4480, target 4650-4690, continue to look for upward movement towards 4760
Sell at 4760-4720, stop loss above 4800, target 4660-4620
【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 analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. The author has a solid theoretical foundation and practical experience, excels in combining technical and news-based operations, emphasizes capital management and risk control, and is recognized by many investors for a stable and decisive trading style, characterized by a friendly and responsible personality along with sharp and decisive operations.
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