This is the most uncomfortable time. You can go long, but if the price of the coin falls slightly, it's a crash. As long as you can bear it, it’s fine. Whether it’s those who hesitate and dare not take action or those who have long been trapped above 111500, everyone is in a relatively depressed state. Previously, many people advocated for exiting as soon as it returns above 111000, but after each wave of emotional ups and downs, it’s never that simple. In fact, there are even more people who choose not to act. I haven’t even counted those who rush in again to buy. I can only say that I hope those who bought and are trapped before can follow their hearts and try not to make decisions they'll regret. I make no comments and remain neutral, but for some short-term judgments, especially day trading, one should still act as necessary.
From the current market trend, Bitcoin has been oscillating in a range on the daily chart recently. Yesterday's price increased compared to the previous day, forming a small bullish candle with a lower shadow, indicating that there is some buying support at the low levels. On the hourly chart, the price has been gradually rebounding from the low point on August 31, but there is obvious pressure above, with multiple consecutive K-line highs failing to break through the integer level around 110000. In the MACD hourly chart, both DIF and DEA are above the zero line, but the histogram is shortening, indicating weakening momentum; the daily MACD is still in the negative area, and the bearish trend has not yet fully reversed. The RSI hourly value is 51.64, close to the neutral zone, indicating that the market temporarily lacks strong directionality; the daily RSI is 53.68, slightly leaning towards bullish but with limited strength. The EMA hourly 7-period moving average and 30-period moving average have crossed and shown a slight upward trend, while the 120-period moving average still suppresses the price. The daily EMA7, EMA30, and EMA120 all show a bearish arrangement, with the overall trend temporarily weak.
Zhou Yanling's 9.2 Bitcoin trading strategy:
1. Short at 110000-109000, stop loss above 111000, target around 108000, continue downward to look for around 106500.
2. Long at 107500-108400, stop loss below 106500, target around 109500.
Zhou Yanling's 9.2 Ethereum trading strategy:
1. Short at 4480-4440, stop loss above 4520, target 4310-4270.
2. Long at 4250-4290, stop loss below 4200, target 4370-4410.
[The above analysis and strategies are for reference only. Please bear the risk yourself; the publication of this article may be subject to delays and strategies may not be timely.]
This article is exclusively created and shared by senior analyst Zhou Yanling $BTC $ETH