Zhou Yanling: 5.9 Bitcoin BTC, Ethereum ETH latest trend forecast analysis and trading strategy today

Long time no see, everyone has been waiting~ Let's review the market situation. Since May, the coin price has been soaring and has broken above 82,500. I see many people in the market saying the bull market is here, and some even talk about reaching 100k. But Yanling wants to say, don’t get excited; whether we can pass the 85,000 hurdle is still uncertain. Often, the more hope you feel, the more the bears will strike fiercely. Otherwise, do you think those big bullish breakouts happen how? So, at this moment, it’s more important to stay calm and cautious.
From a technical analysis perspective, the daily chart of Bitcoin still maintains a medium-term bullish pattern, but the momentum at high levels is clearly weakening. The MACD red bars are shrinking continuously, RSI has fallen back from overbought, and the upward momentum is insufficient. It’s a top formation at high levels, with the potential for a trend reversal at any time. The strong resistance levels are at 83,000 and 81,800, while the key support is at 78,000. The 4-hour chart shows a high-level weak oscillation, with moving averages turning downward, MACD showing a death cross and turning green. 78,000 is the short-term critical support for this bullish wave; holding it means range-bound tug-of-war, and a break below will lead to further decline. The 1-hour chart currently favors the bears; rebounds are weak, with each attempt to reach 80,500–80,800 facing resistance and pulling back. There’s little risk-reward in short-term longs now. The current pattern is high-level oscillation and direction grinding; if it can’t push higher, it’s prone to a correction. Don’t rush into trades within the range; wait patiently for a breakout to go with the trend. Be sure to control your position size reasonably and set proper stop-losses.
Zhou Yanling 5.9 Bitcoin trading strategy:
1. Short at 81,000–80,300, stop-loss above 81,800, target 79,700–79,000, further downside towards around 78,100
2. Long at 78,100–79,000, stop-loss below 77,200, target 80,000–80,800
Zhou Yanling 5.9 Ethereum trading strategy:
1. Long at 2,240–2,280, stop-loss below 2,200, target 2,380–2,420
2. Short at 2,420–2,380, stop-loss above 2,460, target 2,290–2,250
【The above analysis and strategies are for reference only. Please bear the risks yourself. Due to review and publication delays, strategies may not be timely. Please follow Yanling’s real-time strategies for specific operations.】
This content is exclusively original from senior analyst Zhou Yanling. The author has been engaged in market investment research in the crypto space for over ten years. Currently, mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other coin contracts/spot operations. Possessing solid theoretical foundations and practical experience, skilled in combining technical and news analysis, focusing on fund management and risk control. The trading style is steady and decisive, recognized by many investors for being responsible and sharp in operations. #比特币跌破8万美元 $BTC