Zhou Yanling: The 2.5 Cryptocurrency Bear Market is About to Bottom Out - Latest Analysis and Trading Strategies for Bitcoin BTC and ETH Today

The recent sharp decline in the cryptocurrency bear market is primarily due to a resonance of multiple factors. The nomination of the Federal Reserve Chairman has triggered adjustments in monetary policy expectations, leading to capital withdrawal due to market uncertainty. Additionally, Bitcoin has fallen in sync with risk assets like the Nasdaq, and during geopolitical tensions, it did not follow gold's rise; instead, there has been a shift of funds towards precious metals. The short-term safe-haven attributes are being challenged, and prices are more influenced by liquidity and institutional positions. The high leverage characteristic of the crypto market has caused prices to trigger profit-taking and leverage liquidations after breaking key levels. The extreme fear brought about by the continuous decline has also shaken investors' long-term narratives and short-term pricing of crypto assets, creating a crisis of faith and making the market bottom even more elusive. However, looking at historical trends, such declines have been common in the past, so there is no need to panic. Yanling personally predicts that this bear market will likely bottom out around 55,000, followed by consolidation and the start of the next bull market rebound.

From a technical perspective, the current trend for Bitcoin on the daily chart shows a continuous decline over several days, forming a clear downward trend. The hourly chart presents a fluctuating downward trend, with the current K-line closing near the low point, showing no strong rebound signals in the short term. The technical indicators on the hourly MACD continue to operate below the zero line, with both DIF and DEA diverging downwards, indicating strong bearish momentum; the daily MACD is also below the zero line, suggesting an overall weak market. The hourly RSI is at 27.62, close to the oversold zone but not yet in the extreme area, indicating a potential slight rebound demand; the daily RSI remains below 30, reflecting a bearish market sentiment. The hourly EMA (EMA7 < EMA30 < EMA120) shows a bearish arrangement, indicating significant short-term pressure; the daily EMA also presents a bearish arrangement, with the long-term trend still leaning bearish.

Zhou Yanling 2.5 Bitcoin Trading Strategy:

Short at 73,000-72,200, stop loss above 73,800, target 66,300-65,500

Zhou Yanling 2.5 Ethereum Trading Strategy:

Short at 2,200-2,160, stop loss above 2,240, target 1,950-1,910

[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 article is exclusively shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in cryptocurrency 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 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 investment friends for his easygoing and responsible character combined with sharp and decisive operations.

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