Zhou Yanling: 8.2 Today's Bitcoin Ether Latest Trend Forecast Analysis and Trading Strategy

The continued deep dive last night is somewhat related to the data. As of now, this round of coin prices has already broken the 114,000 support level. I wonder what kind of trading stance and state you are in while reading this article. Whether it's spot or futures, did you buy at a high point and get stuck? Or have you been liquidated and are now preparing to short? Or do you have a greater ambition to bottom-fish? These are just three scenarios; there shouldn't be any others. In fact, if you want to continue to look bearish from this position, it's not impossible, but at this time, the risk outweighs the reward. I personally suggest only holding short-term; the daily chart is gradually approaching the lower support line. A more prudent approach would be to wait for a bottom-fishing opportunity.
From the current market trend, the daily price is in a downward fluctuation trend recently, with consecutive days of closing in the red and gradually lowering highs. The hourly level has seen a short-term rebound, but overall it has not broken through the previous high near 116000. The technical indicator MACD shows that both DIF and DEA are running below the zero axis on the hourly chart. Although there are signs of a slight golden cross, the momentum bars are weak, indicating limited rebound strength. The RSI hourly value is 46.70, close to the neutral zone, not entering the overbought or oversold range, and market sentiment is cautious. The EMA 7-period moving average has crossed above the 30-period moving average on the hourly chart, but the 120-period moving average is still far from the current price, indicating that the short-term rebound is not enough to change the recent downward trend. Overall, in the short term, the operation should mainly focus on shorting for the rebound.
Zhou Yanling 8.2 Bitcoin trading strategy:
1. Sell from 117000 to 116200, stop loss above 118000, target 115000 to 114000, continue to look for a downward move near 112800.
2. More than 113000-114000, stop loss below 112000, target 115000-116000
Zhou Yanling 8.2 Ether trading strategy:
1. Short from 3700-3670, stop loss above 3750, target 3550-3510
2. Between 3500-3540, stop loss below 3450, target 3640-3680.
[The above analysis and strategy are for reference only. Please bear the risk yourself. The article review and publication may have delays, and the strategy may not be timely. Specific operations are subject to Yan Ling's real-time strategy.]
This article is exclusively shared by senior analyst Zhou Yanling. The author has been engaged in financial market investment research for over ten years and currently mainly analyzes and guides the trading of BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot trading. With a solid theoretical foundation and practical experience, the author excels in combining technical analysis with news analysis, focuses on capital management and risk control, and adopts a steady and decisive trading style. The author's easy-going yet responsible personality and sharp, decisive trading have earned recognition from many investment friends. #6 BTC全民空投限时派送中#