5.19 Zhang Lihui: Is Bitcoin's rally for profit-taking or a bull market rise? Is Ethereum facing another challenge after the 4-hour closure? Beware of a repeat of the 519 disaster! Today's latest (ETH) market analysis and operation reference! #山寨季何时到来? #BTC #BTC走势分析 #ETH #ETHETFsApproved $BTC $ETH
Due to Texas actively promoting the Bitcoin reserve bill, the favorable news has once again impacted the market, Bitcoin has broken through the previous high again, and Ethereum has also been pulled back. Currently, it is just at the 4-hour trend line position forming a retracement; it is advisable to stay calm before entering the market; currently, there is a pullback signal appearing on the 1-hour chart, suggesting to pay attention to whether EMA30 and the lower range can provide secondary support, as the lower band of the Bollinger Bands is also closing upwards again and overlapping with EMA180. If it breaks down, we need to keep an eye on yesterday's low; therefore, the pressure at the high point can still be considered at the 2650 level on the 16th.
The 4-hour Bollinger Bands have once again formed an opening pattern. Although the market is in a rebound phase, the lower band has not closed upwards but continues to remain at the EMA60 position, indicating that there is also potential space below, which must be guarded against. Lihui has also emphasized that it is best to maintain a high short position during Bitcoin's high-level consolidation, and Ethereum is no exception; it is worth noting that the DIF and DEA are once again closing at the 0-axis horizontal line, intending to form a golden cross, so both long and short positions at this location carry risks. Either wait for the upper space to complete before shorting, or wait for a pullback support to go long. This is already the third closure, and whether it succeeds is also a very critical signal!
Today's Ethereum short recommendation: short in the range of 2620-2650; stop-loss at 2690, still under the pressure of the daily MA180, MA220, MA300 three-line overlap; target 2520-2460; if it breaks below 2450-2430, you can continue to hold;
For long positions, you need to continue to pay attention to the secondary support in the 2400-2450 range, with a target of more than 100 points of space for profit-taking! Specific entry opportunities can be followed with real-time updates from Lihui!
Article review and push have delays, as the market changes rapidly. Specific entry opportunities must be combined with real trading operations, with real-time notifications as the standard. Article recommended points are for reference only, do not operate with heavy positions, and please set take-profit and stop-loss when entering, and take profit when the opportunity is good!