It is well known that the longer the one-sided development of price fluctuations lasts, the greater the magnitude of the reverse pullback will be. Even if it is not visible on the K-line, there is definitely some actual volatility. Therefore, even if you think that the price will continue to rise, if the timing of entry is not right, you will certainly incur losses. Furthermore, there is a saying called the lucky bias; everyone who chases the rise believes they will not encounter a pullback. When you muster the courage to participate, you often will encounter one. Do not ask why; this is a law and philosophy, and you should not attempt to challenge it.

From the current market trend of Bitcoin, it is still in a large range of oscillation. The daily level shows that after recent price fluctuations at a high level, there has been a significant pullback. Yesterday formed a large bearish candle, indicating that the bearish force is temporarily strong. After a continuous decline of multiple K-lines at the hourly level, it is currently in a low narrow consolidation state, with short-term rebound demand, but overall still leaning weak. In the technical indicators of MACD on the hourly line, both DIF and DEA are running downwards, and the MACD histogram continues to be negative, indicating that the bears are dominant. The RSI on the hourly line is 36.6, close to the oversold range, suggesting a potential for a technical rebound in the short term, but it has not yet entered a trending market. In the EMA on the hourly line, EMA7 < EMA30 < EMA120 shows a typical bearish arrangement, with prices significantly suppressed by EMA7, and the current trend leans bearish.

Zhou Yanling's 9.10 Bitcoin Operation Strategy:

1. 112000-111200 short, stop loss above 113000, target 110700-110000

2. 109600-110500 long, stop loss below 108500, target 111000-111800

Zhou Yanling's 9.10 Ethereum Operation Strategy:

1. 4380-4340 short, stop loss above 4430, target around 4210, continue to look down towards around 4150

2. 4170-4220 long, stop loss below 4120, target 4290-4340

【The above analysis and strategies are for reference only. Risks are to be borne by yourself. The article's review and publication may have delays, and strategies may not be timely. Specific operations depend on Yanling's real-time strategy.】

This article is exclusively written and shared by senior analyst Zhou Yanling. The author has been engaged in investment research in the financial market for over ten years, mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations, possessing a solid theoretical foundation and practical experience, proficient in combining technical and news-based operations, emphasizing capital management and risk control $BTC $ETH