5.20 Zhang Lihui: Bitcoin daily death cross is intentional, Ethereum's four closures continue to look for divergence pullback? Today's latest (ETH) market analysis and operational reference! #BTC挑战11万大关 #BTC #BTC走势分析 #ETH #ETH走势分析 $BTC $ETH
Yesterday morning, Ethereum broke through to the top trend line position again and entered a big short after Bitcoin continued to break the previous high. Lihui calmly advised not to chase long positions, hoping that everyone was not swept out! I've said it a thousand times, Bitcoin at high levels is only suitable for shorting, even if it breaks last year's 110,000, it will only layout high short strategies; without a deep pullback, it absolutely won't let fans take risks! After all, the space below must be larger than above! From Ethereum's recent performance, it's no exception; once Bitcoin moves, Ethereum returns to its previous behavior!
Earlier, Lihui also mentioned that the closing of the 4-hour fast and slow lines became critical; last night, the third closure failed and indeed resulted in a big short. The intraday market again showed a rebound, and the current level DIF and DEA are once again forming a closing pattern, marking the fourth closure; without surprises, Lihui still sees a divergence pullback! Of course, Lihui's judgments are not necessarily all correct, remember to set a stop loss when entering the market, and you can still test positions at critical locations! Therefore, today's high point needs to continue to look at yesterday evening's double bottom resistance, which is also close to the upper track position; the lower support continues to look at the mid-track and EMA60 range, and if this position fails to defend, it will fall back to the EMA80 and 2350 range again;
The daily level Bollinger Bands have formed a closing formation. Saying how much it will rise is really a joke; at least in the short term, it cannot exceed the last high point because the lower track has continued to press down close to the EMA300 position, which can act as today's high point resistance and stop loss position. The current K-line is still impacting the mid-track position, so the lower support can refer to the lower track and EMA180 range; it can be seen that the fast and slow lines have also shown extreme closure, and whether the death cross forms is also particularly critical. Once it forms, a big short will definitely be on the way, it's only a matter of time!
Today's Ethereum short selling suggested entry points: short in the 2540-2580 range; stop loss at 2620; target at 2480-2430; breaking 2420-2400 can continue to hold until near 2350; if the stop loss is triggered, you can continue to consult Lihui to adjust the opening price! Do not chase long at high positions!
Long positions still focus on the 2300-2350 range for second support entry, target over 100 points space can be freely taken! Specific entry opportunities can follow Lihui's real-time updates!
