Zhou Yanling: The 12.11 decline is for a better rise. Today's latest trend forecast analysis and operation strategy for Bitcoin and Ethereum
There are many kinds of breakouts. Why do people insist on breakouts? That's because you want to see the trend development, so you must experience price breakouts-technical breakouts-cycle breakouts-trend breakouts. This is a complete set of market operation sequences. You don't have to think it's too complicated. Bitcoin has completed the first two steps. You may wonder why it's so slow. There's no way, because Bitcoin's oscillation cycle is longer. Every rise and fall has fluctuations and traces to follow, and fluctuations will form some technical forms and structures. Zhou Yanling has analyzed this in previous articles on Bitcoin. The appearance of inward triangles, diffuse triangles, rectangular sideways trading, including subsequent step-by-step rises, are all changes in forms. Now Bitcoin has broken through these forms and is currently in a step-by-step rise trend. It has not yet been terminated, which means that we can continue to wait for opportunities to go long on Bitcoin in the retracement.
The horizontal trend line is the pressure of the consolidation, and the previous downtrend line was touched again last night in the early hours, with the midpoint at 95500. This is the key point to see if Bitcoin is inducing a long position. If the market continues to drop below this point today, and 94000 breaks again, it would mean a decline of nearly 8000 points compared to the recent high, which is not just a bullish issue but could indicate signs of a peak in this round of increase. The daily chart shows that this morning closed with a bullish candle, which is an increase compared to the previous day, but it is still below the recent high. The current MACD histogram is positive and gradually shortening, indicating a weakening of bearish strength and a possible rebound. The RSI is currently at 52.4, in the neutral zone, not entering the overbought or oversold area, with market sentiment relatively stable. The 7-hour EMA (97266.2) is close to the 30-hour EMA (97109.2), and the 120-hour EMA (98079.5) is above them, providing support for the short-term moving averages, but the current weak adjustment has not yet finished, and a re-establishment of long positions needs to wait for the right timing.
Bitcoin operation strategy for 12.11:
1. Long position at 96000-96800, stop loss below 95300, target 97900-98500, continue upward to look for around 99500.
2. Short position at 99800-99200, stop loss above 100500, target 98300-97600.
Ethereum operation strategy for 12.11:
1. Long position at 3610-3650, stop loss below 3560, target 3730-3780, continue upward to look for around 3930.
2. Short position at 3790-3750, stop loss above 3840, target 3660-3620.
[The above analysis and strategies are for reference only. Please bear the risk 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.]
This content is exclusively shared by senior analyst Zhou Yanling (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. For more real-time community guidance, consultation for recovering from losses, and learning market analysis skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
