Zhou Yanling: 8.5 Today's Bitcoin Ether Latest Trend Prediction Analysis and Trading Strategy

After this sharp decline and subsequent rebound, many people are likely trapped in it. What you need to do now is to remain calm and carefully examine how to interpret this market, rather than hastily trying to short because you are trapped, which will only make things more difficult for yourself. It is clear that if you are short and trapped, you need to deploy a strategy, rather than directly trying to average down in a losing position. The risk of left-side trading is still quite high; if there are no signs of a peak in the market itself, recklessly shorting repeatedly until a high point is reached will only exhaust you. Even if you do hit a top once, you will still doubt whether it will rebound and run away. The rebound in coin prices seems to indicate a bearish possibility now, after all, the pressure level of the trendline is approaching. However, the more it seems like this, the less you should take that short position. The reason is simple: during a strong upward phase, combined with the high volatility oscillation in the early session, there is a high probability of another wave of continuation and new highs, so wait until it truly breaks out before making any decisions.
Currently, based on the analysis of the technical indicators on the market, yesterday's daily line formed a long upper shadow bullish candle, indicating heavy selling pressure above. The price as of August 5 is currently a bearish candle, with the price falling back to the previous trading day's low. After recent high-level fluctuations on the hourly chart, the price gradually declined, showing a series of small bearish candles, indicating a weak short-term trend. The technical indicators on the hourly chart show that the DIF and DEA have formed a death cross pointing downwards, with green bars expanding, indicating increased bearish momentum; the daily chart is still above the zero axis, but bullish momentum has weakened. The hourly RSI is hovering around 42, not yet entering the oversold zone but showing weakness; the daily RSI has retreated from the overbought area and is currently around 50-55, indicating a neutral to weak trend. The hourly price has fallen below EMA7 and EMA30, and is approaching EMA120; the daily price is running below EMA7, with short-term moving averages turning down, while the medium to long-term moving averages still maintain a bullish arrangement.
Zhou Yanling 8.5 Bit trading strategy:
1. Go long at 113500-114200, set a stop loss below 112500, target 115200-116000, continue to look for upward movement near 117000.
2. Short from 117000 to 116200, stop loss above 118000, target 114800 to 114000.
Zhou Yanling 8.5 Ether trading strategy:
1. More than 3600-3640, stop loss below 3550, target 3800-3850
2. Short at 3880-3840, stop loss above 3930, target 3720-3680.
【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 are based on Yanling's real-time strategies.】
This article is exclusively shared by senior analyst Zhou Yanling. The author has been engaged in financial market investment research for over ten years, currently mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV and other crypto contracts/spot operations. The author has a solid theoretical foundation and practical experience, is good at combining technical analysis with news-driven strategies, focuses on capital management and risk control, and has a steady and decisive trading style, recognized by many investment friends for a friendly and responsible personality and sharp and decisive operations. #上市公司加密储备战略#