Zhou Yanling: Can Bitcoin end with a big positive at the end of the 11.29 monthly line? Stay alert to the high level of Ethereum consolidation
What the Fed is going to do has nothing to do with the current price of the currency, because at least the expectations that should be hyped this year have been hyped, and the interest rate cuts that should be made have been put on the table. The sharp rise and fall in the past month are obviously caused by the main force. Even the US dollar is unmoved. How could it be because of the Fed? So now we should return to analyzing Bitcoin itself and not look at those things. The more shocks there are, the more complex the structure and form will be, but there is no need to be bothered by complex things, because the more so, the simpler the transaction will be for technical people.
From the market trend, the current currency price is starting to bottom out again, that is, a triangle. Any market conditions here are invalid, not rising or falling, but just a bottoming process and shocks. However, once 93,000 stabilizes in the later period, that is the real next step of rising market conditions. No matter how big or fierce the increase is, the judgment standard of the market is not from here, but from the cycle. Continuous shock increases are also called increases. So if you want to trade in the near future, it is okay to do short-term trading. This is also the point that Yan Ling has been emphasizing recently. If it fluctuates and rises, it will give up the decline, but it can't fall further. Then don't be impatient, which proves that it is not a real and effective breakout market. So do what you should do now, don't be greedy, and short-term long and short back and forth is the most stable trading rhythm at present.
11.29 Bitcoin operation strategy:
1. Long 94500-95000, stop loss below 94000, target 96500-97000, continue to break up to around 98500
2. Short at 97000-96500, stop loss above 97500, target around 94500, continue to break down and look at around 93200
11.29Ether operation strategy:
1. Short at 3640-3600, stop loss above 3680, target around 3540-3500, continue to break down and look at around 3440
2. Go long if 3500 is not broken, long at 3500-3530, stop loss below 3460, target 3600-3640, continue to rise to around 3720
[The above analysis and strategies are for reference only. Please bear the risks yourself. The review and release of the article may be delayed and the strategy may not be timely. The specific operation shall be based on Yanling’s real-time strategy.]
The content of this article is exclusively shared by senior analyst Zhou Yanling (public account: Zhou Yanling). The author has been engaged in financial market investment research for more than ten years. At present, he mainly analyzes and guides BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV and other currency circle contracts/spot operations. If you need to know more about real-time community guidance, unwinding consultation, and market reading skills learning, you can follow the teacher's public account: Zhou Yanling Find the teacher
