4.26 Zhang Lihui: Bitcoin repeatedly breaks previous highs! Will Ethereum's poor performance story repeat? Is shorting undoubtedly a wise choice? Today's (ETH) market analysis and trading reference! #以太坊的未来 #ETH #加密市场反弹 #ETH走势分析 #ETH🔥🔥🔥🔥🔥🔥 $ETH
Lihui's layout for Ethereum yesterday provided downtrend short positions, but it was not significant, coinciding with Bitcoin's repeated stretches. Fortunately, Ethereum did not break the previous high to trigger stop-losses. Ethereum's rise remains weak; last night, the opening price was adjusted upwards. In this small market, only a few waves can be taken profitably; unfortunately, we are facing another weekend! Despite Bitcoin repeatedly breaking previous highs, Lihui still does not recommend chasing Ethereum’s rise! Following the downtrend rather than the uptrend is not a new occurrence; fans should be aware of this, right? In fact, positions close to the previous high are the best for shorting. Set stop-loss above the previous high at 1838, which can basically achieve small losses with large profits;
In the 1-hour chart, the candlestick forms a fluctuating upward channel, but the coin price has not broken through the previous high. Currently, it continues to move upwards close to yesterday's spike high, so one can continue to lay out short positions at the fluctuation high point and previous high position, with support and resistance focusing on trendlines 1770-1760; the fast and slow lines have been lingering between the golden cross and death cross dilemma. KDJ and RSI are both showing a three-line golden cross upwards, indicating a demand for short-term rebounds; since a rebound is provided, it is an opportunity to short!
In the 4-hour candlestick, it is currently pressured by the middle track, MA300, and the previous high area. If Bitcoin continues to break upwards during the day, it does not rule out the possibility of Ethereum breaking through the previous high. If it breaks through, we need to see the position near EMA300 (1879). However, Lihui believes the probability of a breakthrough is very small; just ensure to set a good stop-loss for shorting! If it breaks, adjust the opening price according to the market strength, and when it goes down, just take the profits normally! The fast and slow lines are still diverging after the death cross, and the volume below the 0-axis is balanced, waiting for the downward space to explode!
Today's suggested short entry points: continue to try shorting lightly above the 1815 range, with the stop-loss unchanged at 1840, targeting 1770-1735; if it breaks through the 1730-1700 level, you can continue to hold until around 1680!
