Zhou Yanling: 12.2 Today's Bitcoin first short then long, Ethereum high position consolidation pay attention to the risk of a crash.
The big coin has once again reached the resistance level. The pressure point of 99000 is still a bit tough to chew. Since last week until now, it has been blocked three times here. When I saw Bitcoin still oscillating at a high position this morning, I was clear that there was no chance to break up. As expected, there was a quick pullback at noon. If it really wants to surge, it certainly wouldn't wait until today. The upward trend line has been tested repeatedly in the past few days, trying to break through. Logically, it should be a continued bearish outlook now, but Yan Ling also wants to test whether the price of 95500 can provide support. If the market really drops further today, it basically indicates that the bears have returned.
From the perspective of market sentiment, since the coin price can rise, it shows that the negative impact has not been overly digested. Therefore, we still need to maintain a short-term trading mindset: reduce frequency, observe the trend, we need to continue to pay attention to the current pressure, and the continuation of a downward trend after a breakout should also be treated with caution. Don't get too excited. The short-term coin price has repeatedly encountered resistance around 97600, and this position has temporarily formed a short-term top. The support level below is around 95500, which has been tested multiple times without breaking since the weekend. MACD shows a weakening of bearish momentum, DIF and DEA are close to the zero axis but still in the negative area, so attention should be paid to whether a golden cross will occur. RSI hovers around 50, indicating that the market currently has no clear overbought or oversold signals. EMA7 and EMA30 moving averages are sticking together, while EMA120 is far below the current price, indicating that the long-term trend is still upward, but there is still a need for a pullback in the short term. In terms of operation, continue to treat it as short-term fluctuations, buying high and selling low around pressure and support levels.
12.2 Bitcoin trading strategy:
1. Short from 97500-97000, stop loss above 98000, target 96000-95500, continue to break down to look at around 94500.
2. Long from 94500-95000, stop loss below 94000, target 96000-96500.
12.2 Ethereum trading strategy:
1. Short from 3740-3700, stop loss above 3780, target 3660-3620, continue to break down to look at around 3570.
2. Long from 3560-3600, stop loss below 3520, target 3650-3685.
[The above analysis and strategy are for reference only. Risks are to be borne by yourself. The article review and release may have delays, and strategies may not be timely. Specific operations should follow Yan Ling'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 over ten years and 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 know more about real-time community guidance, liquidation consultations, trading skills learning, etc., you can follow the teacher's public account: Zhou Yanling to find the teacher.
