Zhou Yanling: 12.23 Bitcoin BTC and Ethereum ETH Latest Trend Prediction Analysis and Trading Strategy
This week has Christmas Eve, so the overall trading volume will be relatively light. It is expected that the fluctuations this week will not be too large. Usually, the market fluctuates significantly on Mondays, but if you look at yesterday, there was an attempt to push it up but it couldn't gain momentum, which feels a bit frustrating. However, the 90600 level has indeed been a solid resistance that the bulls have struggled to break through for the past half month. Since it didn't break on this Monday, we can continue to look for a range-bound operation. In fact, if the price had risen a bit faster yesterday, I would have continued to look for a breakout above 91000, but it was too slow, clearly lacking momentum, and the upper pressure has not been broken. Therefore, Zhou Yanling is more inclined to set up a high short position around 90000.
From the current market trend, the daily chart for Bitcoin shows that the price has been rising continuously, forming multiple bullish candles. Yesterday, it also broke through the 90000 psychological level, presenting a strong upward attack pattern. On the hourly chart, the price has been oscillating within the range of 89000 to 90500 before gradually moving higher, with the latest candlestick being a small bullish candle with a long lower shadow. The MACD technical indicator on the hourly chart is above the zero line, with the bullish momentum bar shortening but still maintaining a positive value. The short-term trend leans towards bullish, but the strength has weakened; the daily MACD golden cross continues, with increasing momentum. The RSI on the hourly chart is at 65.26, close to the overbought area but not fully entered, indicating potential short-term pullback pressure; the daily RSI is above 70, in an overbought state. The EMA on the hourly chart shows the 7-period and 30-period moving averages maintaining a bullish arrangement, while the 120-period moving average is far from the current price, indicating clear support; the daily EMA system also shows a bullish arrangement.
Zhou Yanling's 12.23 Bitcoin Trading Strategy:
Short at 90800-90000, stop loss above 91800, target 88500-87500
Long at 87500-88500, stop loss below 86500, target 90000-91000
Zhou Yanling's 12.23 Ethereum Trading Strategy:
Short at 3100-3060, stop loss above 3150, target 3000-2960
Long at 2950-2990, stop loss below 2900, target 3050-3100
【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.】
The content of 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. He has a solid theoretical foundation and practical experience, excels in combining technical and news-based operations, focuses on capital management and risk control, and is recognized by many investment friends for his steady and decisive trading style, along with a friendly and responsible character.
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