Zhou Yanling: 11.10 Bitcoin BTC and Ethereum ETH Latest Trend Prediction Analysis and Trading Strategy
Just because the price hasn't dropped doesn't mean it will rise significantly; there is no direct causal relationship between the two. The price must at least recover above 110,000 for a significant rise to be hopeful. Therefore, many who bought at high positions cannot be completely at ease. On the contrary, the current downward pressure in the market is quite significant. The 99,000 position is crucial; recent attempts to test it have only briefly touched it without a substantial breakdown. The subsequent fluctuations can be seen as a recovery adjustment after a major drop, or as a buildup for a future bull market. However, it is not advisable to engage in long-term trading recently, as greed for more space can lead to immediate market reversals. Instead, trading within the fluctuation range for short-term operations is safer.
From a technical perspective on Bitcoin, the daily chart shows that a large bullish candle formed yesterday, with the price quickly rising from a low of 101,400 to around 104,000, indicating a strong short-term rebound. On the hourly chart, recent candlesticks have consistently closed bullish, with both highs and lows gradually increasing, indicating that bulls dominate in the short term. The hourly MACD shows increasing red bars, with both DIF and DEA diverging upwards, indicating strong momentum. The daily MACD has formed a golden cross, with red bars beginning to appear, clearly showing a bullish trend. The hourly RSI is at 72.31, entering the overbought zone, but there are no signs of divergence, still indicating a strong market; the daily RSI is relatively high but not excessively overbought, maintaining upward momentum. The hourly EMA7 > EMA30 > EMA120 shows a bullish arrangement, with support levels at 103,258 (EMA7) and 102,448 (EMA30); the daily EMA7, EMA30, and EMA120 also maintain a bullish arrangement, confirming the short-term upward trend.
Zhou Yanling's 11.10 Bitcoin Trading Strategy:
Buy at 102,400-103,200, stop loss below 101,400, target 104,500-105,500
Sell at 105,500-104,500, stop loss above 106,500, target 103,300-102,500
Zhou Yanling's 11.10 Ethereum Trading Strategy:
Buy at 3,450-3,490, stop loss below 3,400, target 3,600-3,650
Sell at 3,660-3,610, stop loss above 3,700, target 3,530-3,490
【The above analysis and strategies are for reference only. Please bear the risks yourself. The article's review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.】
This content 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, currently focusing on analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. With a solid theoretical foundation and practical experience, the author excels in combining technical and news-based operations, emphasizing capital management and risk control. The trading style is steady and decisive, recognized by many investment friends for a friendly and responsible character combined with sharp and decisive operations.
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