Zhou Yanling: 7.5 Bitcoin Ether latest trend forecast analysis and trading strategy today

This recent downward trend, understood from the top, is not just a simple drop due to non-farm payrolls; it is based on the fundamental peak structure. Currently, Yanling is concerned about whether the 109,000 resistance can hold effectively. Originally, Bitcoin could have evolved into a channel consolidation if there were no non-farm payrolls. However, since there has been a crash, to know whether the coin price can return to an upward adjustment posture, it is essential to have resistance at the 109,000 point. This is also the best entry point for a second short position, with a very high cost-performance ratio. If the resistance holds, set aside the idea of holding long-term, and consider taking profits over the weekend. One could look at around 106,500, and then further down, use 105,000 as support before observing the upward rebound strength later.
From a technical indicator perspective, the daily chart shows that the recent coin price has retreated from a high level, forming a large bearish candlestick yesterday, indicating that the bearish forces are currently strong, and the upward momentum of the past few days is gradually weakening. On the hourly chart, multiple consecutive bearish candlesticks have been formed, with the price rapidly dropping from around 109500 to around 107500, presenting a short-term downtrend. The hourly MACD technical indicator continues to expand downward, with both DIF and DEA below the zero axis, and the green bars are increasing, indicating that the current market is in a clear bearish trend. The hourly RSI value is 27.75, close to the oversold area, but it has not yet entered the extreme low point area, which may indicate a demand for a technical rebound. The hourly EMA7, EMA30, and EMA120 are all arranged in a bearish pattern, with the price running below all moving averages, and the EMA7 exerts a suppressive effect on the price.
Zhou Yanling 7.5 Bitcoin trading strategy:
1. Short at 108500-107800, stop loss above 109500, target around 106600, continue to look for a breakdown towards around 105500.
2. Long at 105500-106500, stop-loss below 104500, target 107800-108600.
Zhou Yanling 7.5 Ether trading strategy:
1. Sell from 2530 to 2500, stop loss above 2570, target 2430-2390
2, buy between 2370-2410, stop loss below 2330, target 2490-2520
【The above analysis and strategy are for reference only. Please bear the risks yourself. The article review and publication may have delays, and the strategy is not timely. The specific operations should be based on Yanling's real-time strategy】
This article is exclusively shared by senior analyst Zhou Yanling, who has been engaged in financial market investment research for over ten years. Currently, the author mainly analyzes and guides operations in the crypto market for BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other contracts/spot operations. With a solid theoretical foundation and practical experience, the author excels in combining technical and news-based strategies, emphasizes capital management and risk control, and has a steady and decisive trading style, recognized by many investment friends for their easy-going yet responsible personality and sharp, decisive operations #内容挖矿，赚丰厚返佣# .