Do you think Bitcoin is thrilling right now? The volatility is just what it is, but if you think it’s very safe? You still have to guard against it breaking through levels. There hasn't been any significant errors; it just feels uncomfortable to trade, which might be related to the shrinking volatility. Previously, when entering the market, you could see single-direction moves of several thousand dollars, but now it can only be limited to a few hundred dollars. This kind of market situation is unavoidable. Whether going long or short, it feels like squeezing toothpaste. It’s probably been like this before the non-farm payrolls; the core point is not to think about breaking levels, and definitely not to be afraid of breaking levels. Just trade boldly, but it’s all short-term anyway, so there’s nothing much to worry about; this kind of trading feels safer and pressure-free.
Recently, the hourly candlestick chart has been fluctuating around 95,000, forming a small oscillating range. On the daily level, the candlesticks from April 30 and May 1 show signs of rebound, with the closing price higher than the opening price. The technical indicator MACD histogram on the hourly cycle remains positive, indicating strong bullish momentum in the short term, but divergence risks should be noted. The hourly RSI is close to 60, in a neutral to strong area, and has not entered the overbought zone, still leaving room for an upswing. The current price is above EMA7 and gradually approaching EMA30, indicating a short-term upward trend; EMA120 is far below the current price, maintaining a bullish long-term trend. Therefore, in terms of operation, Yan Ling's previous thoughts remain unchanged—long positions should wait for pullbacks to lower levels, while short positions can be used to complement the strategy.
5.1 Bitcoin Trading Strategy:
1. Short at 96,000-95,400, stop loss above 96,800, target 94,000-93,400, continue to look down towards around 92,600.
2. Long at 93,400-94,000, stop loss below 92,600, target 95,000-95,800.
5.1 Ethereum Trading Strategy:
1. Long at 1,740-1,770, stop loss below 1,700, target 1,820-1,860.
2. Short at 1,860-1,830, stop loss above 1,900, target 1,760-1,730.
[The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication may be delayed, and the strategies may not be timely. Specific operations should follow Yan Ling's real-time strategies as the standard.]
This content is exclusively shared by senior analyst Zhou Yan Ling. For more real-time community guidance, consultation on position liquidation, learning trading skills, etc., you can follow the teacher to find teacher $BTC $ETH .
