Zhou Yanling: 8.7 Today's Bitcoin Ether Latest Trend Prediction Analysis and Trading Strategy

I initially thought it was a high-level fluctuation, but it turned out to be a high-level adjustment, and it was a roller-coaster type of adjustment. In the end, it's unclear whether the bottom of the channel trend line has been successfully reclaimed. Since that's the case, let's not look at the reclamation anymore and directly anchor the upper channel trend line at 116000. As long as it reaches that level during the day, I will take a bearish position. However, if the coin price drops first, Yanling will seek support buying points to go long, which is not hard to understand. 112000 is a low point of the roller coaster, and if there is a subsequent rebound followed by a drop, we must first look for an upward shift in the low point. The reasoning is quite simple.
From a technical perspective, the recent daily price has been fluctuating within the 112000-116000 range, forming a small bullish candle with a lower shadow yesterday. On the hourly chart, there has been a slight rebound after a series of recent pullbacks, but overall it remains in a high-level fluctuation. Both the DIF and DEA on the hourly chart are positive, and the DIF is gradually rising, indicating a strengthening of short-term bullish momentum; however, the shortening of the red bars suggests a need to be cautious of weakening momentum. The RSI14 value on the hourly chart is 60.3, close to the overbought zone, but not fully entering a strong trend area, implying there may be further adjustment needs. The EMA7 and EMA30 on the hourly chart show a golden cross state, with prices running above the EMA120, indicating a short-term trend leaning towards bullish.
Zhou Yanling 8.7 Bitcoin trading strategy:
1. Short at 116000-115200, stop loss above 117000, target 114500-113600.
2, between 113300-114000, stop loss below 112300, target 115000-116000
Zhou Yanling 8.7 Ether trading strategy:
1. Above 3570-3600, stop loss below 3530, target 3700-3740
2. Short at 3750-3710, stop loss above 3800, target 3630-3590
[The above analysis and strategy are for reference only. Risks are to be borne by yourself. The article review and publication may be delayed, and strategies may lack timeliness. Specific operations should refer to Yanling'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, currently focusing on the analysis and guidance of BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spots. With a solid theoretical foundation and practical experience, the author is skilled in combining technical and news-based operations, emphasizing capital management and risk control. The trading style is steady and decisive, recognized by many investors for a friendly and responsible personality combined with sharp and decisive operations. #Gate ETH 挖矿年化收益 5%#