Zhou Yanling: 12.17 Bitcoin BTC and Ethereum ETH Latest Trend Prediction Analysis and Trading Strategy
The non-farm payroll data this evening was loud but with little impact, so there’s not much to elaborate on. After experiencing a sharp drop yesterday, the market is now caught in a brief low-level consolidation rebound. However, Yanling believes that the time for bottom-fishing is getting closer. This time, the bulls can start to take their time. After the bottom of 80,000 in November, then to the last 84,000, and yesterday's 85,000, have you noticed that the support below is gradually rising? Indeed, this is the bulls building a bottom. Nevertheless, we must remain vigilant against the risk of market manipulation. Currently, the key support below is still around 85,000, followed by around 83,500; the short-term resistance above is at 90,500, and the long-term resistance to watch is around 94,500.
From a technical perspective, the daily chart for Bitcoin formed a large bullish candle yesterday, but it is still in a downward trend overall. The recent hourly candlestick shows a fluctuating downward trend. The MACD technical indicator remains negative in the hourly timeframe, with both DIF and DEA negative, and DIF below DEA, indicating that short-term bearish strength is dominant. Although the daily MACD shows signs of contraction, there is still no clear reversal signal. The hourly RSI is at 54.73, close to the neutral zone, with no overbought or oversold signals; the daily RSI has slightly risen but remains weak. The hourly EMA7 and EMA30 have crossed upwards, with short-term support near EMA7; the daily EMA120 is significantly above the current price, indicating substantial long-term pressure. Day trading can focus on high selling and low buying within the range of 85,000 to 90,000.
Zhou Yanling's 12.17 Bitcoin Trading Strategy:
Buy at 86,000-86,800, stop loss below 85,000, target 88,500-89,500
Sell at 90,000-89,000, stop loss above 91,000, target 87,500-86,500
Zhou Yanling's 12.17 Ethereum Trading Strategy:
Buy at 2,880-2,920, stop loss below 2,840, target 3,020-3,060
Sell at 3,080-3,040, stop loss above 3,120, target 2,960-2,920
【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 market investment research in the cryptocurrency space for over ten years, currently mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contract/spot operations. With a solid theoretical foundation and practical experience, he excels in combining technical and news-based operations, focusing on capital management and risk control. His trading style is steady and decisive, recognized by many investors for his easy-going and responsible character along with sharp and decisive operations.
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