Zhou Yanling: 8.9 Latest Analysis of Bitcoin BTC and Ethereum ETH Market Trends
This weekend's market has been nothing short of tormenting. Bitcoin spent the entire day yesterday hovering around 65,000, bouncing up and down—every time it tried to break out, it got knocked straight back down. The candlesticks are oscillating, technical indicators alternate between bullish and bearish, trading volume remains weak, and the market just refuses to make a clear move. If it tries to break upwards, the resistance is like it's welded shut; if it tries to dump, there’s solid support holding it up. Today is Sunday and it's likely the market will continue consolidating, so we'll have to wait and see what happens on Monday. Today's strategy remains the same as yesterday: watch for resistance at the 65,500–66,000 range, and support at the 64,000–63,500 zone. The best move now is to hold back—don’t force trades in a choppy market. Wait until the market shows clear direction before making bold moves.
Zhou Yanling 8.9 Bitcoin:
1. Short at 66,000–65,300, stop loss above 66,700, target 64,100–63,500
2. Long at 63,500–64,100, stop loss below 62,800, target 65,000–65,500
Zhou Yanling 8.9 Ethereum:
1. Short at 1,950–1,930, stop loss above 1,980, target 1,870–1,850
2. Long at 1,850–1,870, stop loss below 1,820, target 1,930–1,950
[The above market analysis is for informal discussion only and does not constitute investment advice!]
