Zhou Yanling: The $100,000 mark for Bitcoin is about to be reached, and we can continue to go long on dips!
Bitcoin's recent upward momentum is frighteningly strong, having successfully broken through the $99,000 mark today, creating a new historical high, and is now close to the $100,000 mark predicted by Yanling. Recently, everyone should have seen the news that Gary Gensler, chairman of the U.S. Securities and Exchange Commission (SEC), has caused fierce resistance from Wall Street and the cryptocurrency industry with his ambitious agenda. He plans to resign on January 20 of next year (the day Trump is sworn in as president). The SEC chairman chosen by the Trump administration may attempt to further loosen Gensler's iconic rules and adopt a more friendly enforcement approach to cryptocurrencies. The policies governing the digital asset industry may undergo significant changes, which is certainly a positive change that we in the cryptocurrency community would like to see, haha. Therefore, from a long-term political perspective, the future development prospects of the cryptocurrency market remain relatively optimistic, and we will continue to wait and see.
In terms of market operations, the recent trend is definitely to continue going long. Even though we are already close to the $100,000 mark, Yanling's view remains to continue going long on dips. As mentioned in the analysis on the 16th, Bitcoin is definitely going to test the $100,000 mark this week, and it seems we are basically seeing it today. If this level is broken, it will be a milestone historical price. Currently, the technical indicators show a clear upward trend with no signs of weakening, and multiple bullish candles have appeared on the 4-hour chart, indicating strong buying power. Both the DIF and DEA are in positive territory, and the MACD histogram continues to be positive, indicating that the market is still in a bullish sentiment. The RSI14 is above 70, close to the overbought area, but has not yet entered an extreme overbought state, showing there is still some upward space; EMA7, EMA30, and EMA120 are all in a bullish arrangement, with short-term moving averages above long-term moving averages, supporting the current upward trend. Therefore, from any perspective, there are only reasons to go long.
11.22 Bitcoin Trading Strategy:
Buy on dips between 98500-99000, reserve space to add positions around 97800, set stop loss below 97400, target 99500-100000, continue to break upwards, look for around 102000.
11.22 Ethereum Trading Strategy:
1. Buy between 3300-3340, stop loss below 3260, target 3420-3460, continue to break upwards, look for 3560 area.
2. Sell between 3560-3520, stop loss above 3600, target 3430-3400.
[The above analysis and strategy are for reference only. Please bear the risk yourself. The article's review and release may have lagging strategies and 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 and currently mainly analyzes and guides BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV and other cryptocurrency contracts/spot operations. If you want to learn more about real-time community guidance, consultation, and trading skills, you can follow the teacher's public account: Zhou Yanling to find the teacher.
