Zhou Yanling: 10.19 Bitcoin BTC and Ethereum ETH Latest Trend Prediction Analysis and Trading Strategy

Many people are guessing whether the upcoming market trend will be a continuation of the bearish trend or the rise of the bullish trend. In this Friday's large bearish candle retracement, what we first need to determine is whether there can be continuity in the process of rising or falling. Yanling has always emphasized that in a strong trend of continuous rise or fall, a single bearish or bullish candle is a sign of correction, not a reversal. Whether Friday's large bearish candle provides an opportunity for the bears to continue needs further verification next week. Currently, the coin price is in the process of retracement, with the upper pressure maintaining at the 50% position of this wave's retracement around 112000, and the lower support at the last crash's low point around 102000. Operating within this range in the short term is not a big issue; once one side breaks through, a continuation will occur later.

Currently, in terms of technical analysis for Bitcoin, the daily chart shows a continuous price decline, forming multiple bearish candles, indicating an overall weak retracement trend. The hourly chart has seen significant fluctuations recently but has not broken through the previous high around 107600, remaining in a weak oscillation state in the short term. The technical indicators MACD on the hourly chart show both DIF and DEA below the zero axis, and the MACD histogram continues to be negative, indicating that bearish strength is dominant. The RSI on the hourly chart hovers between 45-50, not entering the overbought or oversold zones, with market sentiment leaning towards weak consolidation. The EMA7, EMA30, and EMA120 on the hourly chart show a bearish arrangement, with the price running below all moving averages, and short-term pressure concentrated near EMA7. Therefore, recent operations should continue to focus on bearish strategies.

Zhou Yanling's 10.19 Bitcoin Trading Strategy:

1. Short at 108500-107500, stop loss above 109500, target 105000-104000

2. Long at 104000-105000, stop loss below 103000, target 107000-108000

Zhou Yanling's 10.19 Ethereum Trading Strategy:

1. Short at 3950-3910, stop loss below 4000, target 3800-3750

2. Long at 3730-3770, stop loss below 3680, target 3850-38

【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.】

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. 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 has a stable and decisive trading style, recognized by many investment friends for a friendly and responsible character combined with sharp and decisive operations.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。