Zhou Yanling: 4.17 Bitcoin and Ethereum Latest Trend Prediction Analysis and Trading Strategy
Yesterday's market was extremely sluggish, slowly oscillating until it formed a U-shape at the end, even causing illusions during the process that led to chasing highs and cutting losses. Look at it from a broader perspective; in such a market, you either participate for the whole day or, if you do participate, take short-term profits when they arise. After a big rise, expect a significant drop, and when it drops, buy at lower levels. This is an undeniable inertia. Perhaps some people look down on trading in such markets, but let me ask you, wasn't last week's market intense? How many people actually made money in it? So, it's essential to recognize your own position; the current coin prices are also suitable for trading. Don't be overly greedy every time; participate well at the right price, and grasp the rhythm of both long and short trades. You will find that these small oscillations are much more enjoyable than large fluctuations. At least your heart won't race as fast, and the pressure won't be as great.
Currently, the market trend shows that the coin price is fluctuating within the range of 83,000 to 86,500, forming a narrow oscillation consolidation pattern. The daily chart shows a long lower shadow, indicating some buying support at lower levels. The technical indicators on the hourly MACD show the fast and slow lines gradually approaching the zero axis, with the red bars shortening, suggesting that bullish momentum is weakening and may enter an adjustment phase. The hourly RSI is around 58, not entering the overbought or oversold zones, indicating a relatively stable market. The EMA7 and EMA30 are close to merging, with prices running above the EMA120, indicating an overall bullish trend, but there is a short-term risk of a pullback. The 4-hour chart shows resistance around 89,000, with bulls failing to break through after multiple attempts, so short-term attention should be paid to pullback risks. In terms of operations, it is advisable to wait for a rebound to higher levels to short.
Zhou Yanling's 4.17 Bitcoin Trading Strategy:
Buy at 83,500-84,500, stop loss below 82,500, target 86,000-87,300
Sell at 87,800-86,800, stop loss above 88,800, target 85,000-84,000
Zhou Yanling's 4.17 Ethereum Trading Strategy:
Buy at 1,530-1,565, stop loss below 1,490, target 1,600-1,640-1,680
Sell at 1,670-1,630, stop loss above 1,720, target 1,575-1,530
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.】
This article is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for over 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. For more real-time community guidance, consultation on unblocking positions, and learning trading skills, you can follow the teacher (WeChat public account: Zhou Yanling) to find the teacher.
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