Zhou Yanling: 10.29 Bitcoin BTC and Ethereum ETH Latest Trend Prediction Analysis and Trading Strategy
The market trends in the cryptocurrency space are largely influenced by "geopolitical risks" and the "Federal Reserve's policy maze." On one side, the ceasefire agreement between Israel and Hamas is fluctuating, sometimes appearing stable and other times facing issues, causing panic in the market. A lot of risk-averse money is flowing into the cryptocurrency space, supporting the prices. On the other side, the former president is stirring things up again, directly criticizing Federal Reserve Chairman Powell, saying "either he lacks ability or has ulterior motives, and he will have to leave in a few months." This statement has further unsettled the market—everyone is starting to worry about whether the Federal Reserve can maintain independent policy-making, as any deviation in policy could lead to chaos in the entire market. Currently, the cryptocurrency market is in an awkward position, needing to monitor the gunfire in Gaza while also guarding against the "verbal attacks" from the political arena in the U.S., with price fluctuations heavily dependent on which of these two factors causes more turmoil.
However, news events are ultimately just temporary impacts; long-term trend judgments still need to rely on technical analysis. Currently, the daily chart for Bitcoin shows that after a significant drop last night, it is now in a low-level consolidation phase. Recently, the candlestick patterns have been alternating between small bearish and bullish candles, with weak rebound strength. The hourly chart has formed a short-term downward trend, and the volatility range is gradually narrowing. Technical indicators on the minute timeframe show that the MACD is continuously operating below the zero line, with the green bars decreasing in volume, but there is still no clear golden cross signal, indicating that bearish forces are dominant; the hourly MACD has continued to expand downward after a death cross, indicating a short-term bearish bias. The RSI on the minute timeframe is at 29.91, close to the oversold area but not yet entered, suggesting a potential technical rebound demand in the short term; the hourly RSI is at 38.63, overall weak, with cautious market sentiment. The EMA on the minute timeframe shows a bearish arrangement for the EMA7, 30, and 120 moving averages, with prices repeatedly touching the EMA7 and then retreating; the hourly EMA system is also in a bearish arrangement, with the EMA30 and EMA120 exerting pressure on the price.
Zhou Yanling's 10.29 Bitcoin Trading Strategy:
Short at 114200-113400, stop loss above 115200, target 111800-111000
Long at 110700-111500, stop loss below 109700, target 112800-113600
Zhou Yanling's 10.29 Ethereum Trading Strategy:
Short at 4100-4060, stop loss above 4150, target 3930-3890
Long at 3870-3910, stop loss below 3820, target 4000-4050
【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 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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