Zhou Yanling: Today, on October 13th, bitcoin and ethereum trends analysis and short-term trading strategy.
When you see the current restrained structure of the coin price, don't speculate blindly, because you will definitely have the idea of longing, such as holding the bottom of the channel for a long position, watching a short-term rally. From a short-term trading perspective, there is indeed no problem, and you will find it interesting these two days. It seems useless to long at 62,500 points, because the market has been oscillating near 63,000 for two consecutive days, despite some rebounds, but it can't even reach 1,500 points, and every time it rebounds and then pushes back, it will pull back around 1,000 points. Obviously, this market is still trading in a range.
Many people may be addicted to longing for rebounds and unable to extricate themselves, but Yan Ling doesn't want to operate like this next week anymore, as the coin price has reached a cyclical high.Support level.Here it comes. From the current 4-hour chart, the rebound bulls from around 59,000 have re-entered the midline. Although there may be confirmation in the backtest later, there is still some support. In the short term, as long as the midline and the 10 moving average are maintained, it will further go up to test the previous high; otherwise, if it closes below them, there may be repeated market sweeping actions. Therefore, recently my long positions are mostly short-term, in case the long positions coincide with the accelerating decline, the cost will be too heavy. Originally, the major trend was about to turn bearish, so don't get caught up in a so-called rebound. For now, focus on the short-term resistance at 64,000, once the hourly chart breaks through and stays above it, then continue to follow the bullish trend, pay attention to the gains and losses at this level, once unable to break through under pressure, take resolute action to short.
Bitcoin trading strategy on October 13:
1. Short sell at 63,900-63,400, stop loss above 64,400, target 62,700-62,300.
2. Buy lightly at 62,400-62,800, stop loss below 62,000, target 63,500-64,000.
October 13th Ethereum trading strategy:
1. Buy at 2,430-2,450, stop loss below 2,400, target 2,490-2,520.
2. Short sell at 2,510-2,480, stop loss above 2,540, target 2,450-2,420.
The above analysis and strategies are for reference only. Please bear the risks yourself. The publication of the article may be delayed and the strategies may not be timely. Please refer to Yan Ling's real-time strategies for specific operations.
This content is exclusively created and shared by senior analyst Zhou Yanling. I have been engaged in financial market investment research for more than ten years, mainly analyzing and guiding trading of BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV and other cryptocurrencies. If you need to learn more about real-time community guidance, consultation on lifting positions, plate-watching skills, etc., you can follow and find the teacher.
