Zhou Yanling: How to resolve the short order trapped by the big pump of Ether on 8.10? Prediction analysis of Bitcoin's trend next week and trading strategy.

This week's market overall maintains a strong upward trend, especially with Ether showing outstanding performance. Those who have consistently gone long are likely to have reaped great rewards. Currently, Ether is in a consecutive bullish pattern on both the weekly and daily charts, supported by short-term moving averages, with a relatively intact bullish structure. Based on the current trend, it is highly likely that the bullish momentum will continue next week. In terms of operations, the main direction for Ether can continue to maintain the momentum of buying on dips, but it's important to be cautious of the risk of pullback adjustments in the short term.
Bitcoin is attacking around 120000 as anticipated by Yan Ling. In the short term over the weekend, it is temporarily facing technical resistance, pressured by 119000. However, the overall market sentiment remains bullish, mainly because this round of rise has not yet completed. From the 4-hour analysis, the short-term support below will continue to maintain around 116000, while the upper side focuses on the short-term resistance at the round number of 120000. In terms of operations, continue to maintain a strategy of buying on dips.
Zhou Yanling 8.10 Bitcoin trading strategy:
1. Long between 116600-117400, stop loss below 115500, target 119000-120000
2. Short order at 120800-120000, stop loss below 121800, target 118700-117800
Zhou Yanling 8.10 Ether trading strategy:
1. Go long at 4150-4200, stop loss below 4100, target 4380-4430
2. Open a light short order at 4460-4420, stop loss above 4500, target 4340-4300.
[The above analysis and strategy are for reference only. Please bear the risks yourself. The article review and publication may have delays, and the strategy lacks timeliness. Specific operations should follow Yanling's real-time strategy.]
This article is exclusively shared by senior analyst Zhou Yanling. The author has been engaged in financial market investment research for over ten years and currently mainly analyzes and guides the trading of BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrencies in terms of contracts and spot trading. With a solid theoretical foundation and practical experience, the author excels in combining technical and fundamental analysis, emphasizes capital management and risk control, and has a steady and decisive trading style. The author is recognized by many investors for a friendly and responsible personality combined with sharp and decisive operations. #山寨币普涨#