Zhou Yanling: 8.19 Bitcoin Ether latest trend prediction analysis and trading strategy

The Bitcoin consolidation pattern over the past 4 hours is about to break, but due to the limited strength of the rebound, the expected price at the upper edge of the channel isn't that high, only at 116300. Generally speaking, 116500 should be bearish, which would allow for a trading pullback above 170000, but I don't plan to do that, as this consolidation channel has reached its end. Based on Yanling's experience, there won't be several cycles of fluctuations at the absolute extreme end; that would be too risky. Moreover, this rebound is expected to be V-shaped, so breaking out is not an issue. The midnight support to watch is around the hourly neckline at 114500, maintaining the overall bias towards high positions remains unchanged, and in the middle position, be cautious and take fewer actions, patiently waiting for key entry points.
Currently, the daily level has formed a series of consecutive bearish candles, indicating a short-term downtrend. At the hourly level, there has just been a slight rebound after the US market opened with low-level fluctuations, and the K-line body is relatively small, suggesting that market sentiment is becoming cautious. The MACD at the hourly level is below the zero axis, with both DIF and DEA being negative, and the MACD histogram is gradually shortening, indicating that the bearish strength is weakening, and it may enter a consolidation phase; the RSI at the hourly level is at 47, not entering the overbought or oversold zones, but overall leaning towards the weak zone, reflecting insufficient current market momentum. In the EMA hourly chart, EMA7 has continuously declined after crossing below EMA30, and the price is currently close to EMA7, showing signs of short-term support; EMA120 is far from the current price, and the long-term trend still leans bearish. In terms of intraday operations, continue to focus on high shorts.
Zhou Yanling 8.19 Bitcoin trading strategy:
1. Go long at 114500-115500, stop loss below 113500, target 117200-118200
2. Short from 118500 to 117500, stop loss above 119500, target 116000-115000
Zhou Yanling 8.19 Ether trading strategy:
1. Short at 4370-4340, stop loss above 4410, target 4210-4170
2. Buy between 4150-4190, stop loss below 4100, target 4280-4330.
[The above analysis and strategies are for reference only. Please bear the risks yourself. The article's review and publication may be delayed, and the strategies may not have timeliness. Specific operations should follow Yanling's real-time strategies.]
This article is exclusively shared by senior analyst Zhou Yanling, who has been engaged in financial market investment research for over ten years. Currently, the author mainly analyzes and guides the trading of BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrencies in both contract and spot operations. He possesses a solid theoretical foundation and practical experience, excels in combining technical analysis with news analysis, emphasizes capital management and risk control, and maintains a stable and decisive trading style. His easy-going and responsible personality, along with sharp and decisive operations, has earned him recognition among many investment friends. #BTC ETF持仓破1530亿美元#