Zhou Yanling: 8.8 Today's Bitcoin BTC Ethereum ETH Latest Market Trend Analysis

Since August, the entire market has basically fluctuated within the range of 62000-66000. Last night was the closest moment to the upper pressure level in recent times, but the daily box for Bitcoin has not been broken yet. The 20-day moving average is supporting the price, but the volume is lacking, and overall it is still in the cyclical oscillation range, with the major market movement yet to emerge. The upper level of 65500-66000 is a significant mountain, and the lower level of 63500-64000 is a key defense level. Currently, on the 4-hour chart, it is also testing; charging to 65000 results in being hit, and the momentum is average. If 64000 can continue to hold, there is still hope, but if it breaks down, prepare for a pullback. The 1-hour chart is already a bit overheated, with significant selling pressure at 65000; it needs to stabilize above 65200 to continue pushing up, or else look for support downwards. However, fluctuations are expected to be somewhat limited over the weekend, so it’s best to trade within a small short-term range.

Zhou Yanling 8.8 Bitcoin:

1. Sell at 66000-65300, stop loss above 66700, target 64100-63500

2. Buy at 63500-64100, stop loss below 62800, target 65000-65500

Zhou Yanling 8.8 Ethereum:

1. Sell at 1950-1930, stop loss above 1980, target 1870-1850

2. Buy at 1850-1870, stop loss below 1820, target 1930-1950

[The above market analysis is for casual reference only and does not constitute investment advice!]

This article is exclusively shared by senior analyst Zhou Yanling (public account: Zhou Yanling 8). The author has been engaged in financial market investment research for over ten years and currently mainly analyzes and guides BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contract/spot operations. With a solid theoretical foundation and practical experience, he is adept at integrating technical and news-related operations, focusing on capital management and risk control, with a stable and decisive trading style, widely recognized by investment friends for his easy-going yet responsible character and sharp decisive actions.

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