5.17 Zhang Lihui: Bitcoin will inevitably fall after a long period of high consolidation! Will Ethereum's 4-hour closing fail again and lead to a further drop? Today's latest (ETH) market analysis and trading reference! #币安Alpha上新 #BTC走势分析 #BTC☀ #ETH走势分析 #EarnFreeCrypto2024 $BTC $ETH

After waiting a day, I finally got the high short position for Ethereum. Lihui set up a short position above 2615 yesterday, and just now, it has already taken profit below 2570. Fans who followed have already made 50 points+; let's leave it at this for the weekend, the market is moving slowly!

Actually, the weekend market generally doesn't have much to analyze. As mentioned yesterday, the 4-hour Bollinger Bands may maintain a parallel oscillation channel, so we can continue to sell high and buy low; pay attention to the 4-hour upper band and the parallel pressure from yesterday and the day before, and continue to lightly short. Below, we first look at the EMA30 and the lower band overlapping support position. As long as the EMA30 and the lower band key support are not broken, long positions can be considered. Currently, the fast and slow lines of the 4-hour level continue to spread downwards, approaching the 0 axis. From the form of the fast and slow lines, a divergence phenomenon has already formed again, so be careful to defend against the main force's sudden drop!

Today's Ethereum suggested short entry point: above 2625; stop loss remains at 2690 because this position is the overlapping resistance position of the daily MA180, 220, and 300 lines mentioned earlier; target 2565-2530; if it breaks below 2520-2500, it can continue to hold; if stopped out, can continue to adjust to near the 2738 high point resistance to short!

For long positions, continue to pay attention to the 2500 level, which is also the 4-hour EMA30 and the lower band area again acting as support. Target 50-100 points can be taken freely! Specific entry opportunities can follow Lihui's real-time updates!

There may be delays in article review and push notifications, and the market changes rapidly. Specific entry opportunities must be combined with actual trading operations, and real-time notifications should be prioritized. The suggested entry points in the article are for reference only; do not operate with heavy positions. Please set take profit and stop loss when entering, and take profits when you see good results!