Zhou Yanling: 6.8 Bitcoin BTC Ethereum ETH Today's Latest Market Trend Analysis
Yesterday we predicted that Bitcoin would rise to 64000, and Ethereum to 1700. Although it didn't reach the target during the day yesterday, it all rose to the target this morning; better late than never! However, based on the current market, this rebound can only be seen as a bottom consolidation. The real bull market has not yet returned, so even if we are bullish, we are only looking at short-term swings. When we get close to certain resistance levels, we still need to remain bearish. This is also why I only saw Bitcoin reaching around 64000 yesterday. Basically, the trend is expected to fluctuate back and forth like this for some time before we see a significant market move again. The thinking is clear, so today we can continue to fluctuate within the range of 64500-60300, while for Ethereum we will focus on the range of 1750-1540.
Zhou Yanling 6.8 Bitcoin:
1. Sell at 64500-63700, stop loss above 65500, target 61800-61000
2. Buy at 61000-61800, stop loss below 60000, target 63200-64000
Zhou Yanling 6.8 Ethereum:
1. Sell at 1745-1710, stop loss above 1785, target 1620-1580
2. Buy at 1570-1600, stop loss below 1530, target 1660-1700
[The above market analysis is for casual reference only and does not constitute investment advice!]
The content of this article is exclusively shared by senior analyst Zhou Yanling (Public Account: Zhou Yanling 8). The author has been engaged in financial market investment research for over ten years, with a solid theoretical foundation and practical experience. He is skilled in combining technical analysis with news-driven operations, focusing on capital management and risk control, with a stable and decisive trading style that is recognized by many investment friends for his easygoing and responsible personality combined with sharp and decisive operations.
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