Zhou Yanling: 3.1 Bitcoin BTC Ethereum ETH Latest Trend Forecast Analysis and Trading Strategy

Yesterday, the United States and Israel launched a joint military strike against Iran, drastically worsening the situation in the Middle East, causing global risk aversion to soar. Bitcoin plummeted again, falling below the 63,000 mark, triggering a large number of highly leveraged long positions to be liquidated. Previously, the coin price had been halved from its historical high and had been declining for several months; at that moment, market sentiment was in extreme fear. However, around the U.S. market open, the extreme selling pressure began to weaken, and the market entered a "downtrend stabilization" repair range. After the peak of long positions exploded yesterday, the contract market completed its deleveraging, and some funds began to flow back at a low price, starting a repair rebound in the short term.

After breaking below 63,000, short-term bottom buying and short covering were triggered. Currently, strong support has formed around 64,500. After several dips, prices quickly recovered, indicating a demand for oversold repair. The short-term moving averages on the daily chart have turned up, but the medium-term moving averages are still trending down, showing a bearish medium-term trend; the rebound is considered a repair. On the 4-hour level, short-term longs are dominant, but face strong pressure from MA60, lacking enough upward momentum, indicating a demand for a pullback. On the hourly chart, a small double top is formed, and the ultra-short-term is bearish. Regarding today's trend, Yanling believes it can continue to be treated as a sideways bearish approach. The resistance level above is 70,000, and the support level below is 64,500. Within this range, focus primarily on high short positions and support low longs.

Zhou Yanling 3.1 Bitcoin Trading Strategy:

1. Short at 69,000-68,200, stop loss above 69,800, target 65,800-65,000

2. Long at 65,000-65,800, stop loss below 64,200, target 67,000-67,800

Zhou Yanling 3.1 Ethereum Trading Strategy:

1. Short at 2,085-2,050, stop loss above 2,115, target 1,950-1,920

2. Long at 1,920-1,950, stop loss below 1,890, target 2,030-2,060

[The above analysis and strategies are for reference only. Please bear the risk. The article review and release may have delays, and the strategies do not possess timeliness. Specific operations shall be based on Yanling's real-time strategy.]

This article is exclusively shared by senior analyst Zhou Yanling (public account: Zhou Yanling). The author has been engaged in market investment research in the cryptocurrency field for more than ten years and mainly analyzes and guides 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, he is skilled in combining technical and news analysis, focuses on capital management and risk control, and his trading style is steady and decisive, being recognized by many investment friends for his down-to-earth personality and sharp, decisive operations.

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