Zhou Yanling: 10.20 Bitcoin BTC and Ethereum ETH Latest Trend Prediction Analysis and Trading Strategy
Amidst a significant drop, opportunities are often hidden. If there is no stimulus from news, the coin price should continue to oscillate within a certain range this week. Given the pullback from Friday's large bearish candle, we need to pay attention to whether the current evening rebound can be sustained. If the continuation of the bulls cannot be guaranteed, the bears may launch another counterattack at any time. In the recent continuous downtrend, technical rebounds are merely to provide the bears with another entry opportunity, not indicating a reversal. Today, on Monday, we continue to focus on a key position mentioned by Yanling earlier, which is the resistance strength around 112000. This is a critical area that divides the bullish and bearish trends in the short to medium term.
Currently, from a technical perspective, Bitcoin shows two bullish candles on the daily chart, indicating a strong upward trend in the short term. The recent hourly highs are gradually rising, and the lows are also continuously moving up, maintaining a strong oscillating trend in the short term. The MACD technical indicator on the hourly chart is in a red bar state, with both DIF and DEA diverging upwards, indicating that the current trend is still bullish, but we need to watch for any subsequent top divergence signals. The RSI on the hourly chart is at 70.7, entering the overbought zone, which may pose a risk of a pullback, but the daily RSI has not reached the overbought zone, indicating an overall upward trend. On the hourly EMA chart, EMA7 > EMA30 > EMA120, with moving averages showing a bullish arrangement. The short-term support levels are at 107500 and 104500.
Zhou Yanling's 10.20 Bitcoin Trading Strategy:
Buy at 107500-108200, stop loss below 106500, target 111000-112000.
Sell at 112100-111300, stop loss above 113000, target 109000-108200.
Zhou Yanling's 10.20 Ethereum Trading Strategy:
Sell at 4130-4080, stop loss above 4180, target 3940-3900.
Buy at 3890-3940, stop loss below 3840, target 4070-4110.
【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 (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. With a solid theoretical foundation and practical experience, he excels in combining technical and news-based operations, focusing on capital management and risk control. His trading style is steady and decisive, recognized by many investment friends for his easygoing and responsible character along with sharp and decisive operations.
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