Yesterday's market drew a door, and I personally am not very satisfied with the decline in coin price on Monday. I didn't expect it to complete all retracements in one day, but at least you should have a drop. As a result, by midnight, it only fell back to around 93500. If this continues, the trading cycle will be extended again. Many people who were caught in the last week's sharp rise have low-position short orders, hoping that the market will drop soon so they can break even. However, Yan Ling believes that there will definitely be a significant retracement waiting to come in the near future, as there were too many people who went long before, and the market will inevitably kill the momentum of the bulls. So everyone should pay attention to operations and do a good job in risk control.
From the market perspective, the coin price has been fluctuating in the range of 92000-96000, forming a relatively obvious oscillation range. On the hourly level, there are signs of a certain degree of pullback, but overall it is still in a high-level fluctuation. The current MACD histogram shows a certain divergence, with the fast and slow lines gradually approaching, indicating a demand for adjustment in the short term. The RSI value is close to the overbought area (46), but has not fully entered the overbought state, indicating that market sentiment is relatively optimistic but needs to be cautious of pullback risks. The EMA7 and EMA30 moving averages are in a bonding state, and the price is slightly below the EMA7, showing that the short-term trend is unclear; EMA120, on the other hand, maintains an upward long-term trend.
Weekly Yan Ling 4.29 Bitcoin operation strategy:
1. Short at 95000-94300, stop loss above 96000, target 93200-92500, continue to look down to around 91700
2. Long at 92300-93000, stop loss below 91500, target 93500-94300
Weekly Yan Ling 4.29 Ethereum operation strategy:
1. Short at 1820-1790, stop loss above 1860, target 1750-1720, continue to look down to around 1680
2. Long at 1720-1750, stop loss below 1680, target 1800-1830
【The above analysis and strategies are for reference only. Risks are to be borne by yourself. The article review publication may have delays, and the strategies are not timely. Specific operations are subject to Yan Ling's real-time strategies】
This article is exclusively shared by senior analyst Zhou Yan Ling, who has been engaged in financial market investment research for more than ten years and currently mainly analyzes and guides BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV and other cryptocurrency contracts/spot operations $BTC $ETH
