Zhou Yanling: 10.21 Bitcoin BTC and Ethereum ETH Latest Trend Prediction Analysis and Trading Strategy
From the movement this Monday, the coin price is likely to enter a sweeping mode in a large range in the short term. Specifically, the bullish trend has temporarily come to a pause, gathering momentum to provide power for a subsequent restart. Whenever you see hope for a bullish rise in the market and prepare to jump in thinking you've caught a bottom, the market will suddenly give you a counterattack, catching you off guard. Therefore, regardless of whether you are going long or short in the recent market, it is best to focus on short-term trades, and taking profits when you see gains is the most prudent strategy.
Currently, from a technical perspective on Bitcoin, the daily chart is still forming a series of bullish candles and is in an upward trend. The hourly chart has recently shown high-level fluctuations with slight pullbacks, but overall it remains within an ascending channel. The technical indicator MACD on the hourly chart shows that the DIF and DEA are gradually converging, and after the MACD histogram turned from negative to positive, it has shortened again, indicating weakening momentum, which requires attention to potential further adjustments. The RSI on the hourly chart is at 58.27, moving out of the overbought zone, suggesting that it may enter a consolidation or pullback phase in the short term. The EMA on the hourly chart shows EMA7 > EMA30 > EMA120, with moving averages in a bullish arrangement, providing strong support. Although there may be short-term pullbacks, the strength is limited, and as long as the support around 107500 holds, a rebound in the short-term market is not a big issue.
Zhou Yanling's 10.21 Bitcoin Trading Strategy:
Short at 112200-111400, stop loss above 113200, target 109000-108200
Long at 108000-108800, stop loss below 107000, target 110000-110800
Zhou Yanling's 10.21 Ethereum Trading Strategy:
Short at 4020-3980, stop loss above 4070, target 3860-3810
Long at 3800-3840, stop loss below 3750, target 3930-3980
【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. 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, along with a friendly and responsible personality.
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