5.21 Zhang Lihui: 520 Bitcoin and Ethereum double short benefits have been delivered and signed for! Whether the Ethereum daily line death cross is key! Today's latest (ETH) market analysis and operation reference! #币安Alpha上新 #BTC #BTC走势分析 #ETH #ETH🔥🔥🔥🔥🔥🔥 $BTC $ETH
Fans, I hope everyone had a good time this 520! Yesterday, Lihui publicly provided benefits to everyone, wishing you all a helping hand! In the PY circle, a short position was given above 106000 for Bitcoin, with a target of 2000 points already achieved! Yesterday's Ethereum article also provided a short position at the top of 2580, and following the article's target, you could also gain 100 points! It can be said to be a win-win situation. I wonder if the fans who follow me have received this benefit? So why did Lihui set the first target for Ethereum at 2480? Because it is at the middle track position of the 4-hour chart, moving from the upper track to the middle track, this is a stable position, once again highlighting the key opening signal! Therefore, everyone must learn to look for resistance and support when entering the market; relying solely on luck will not lead to long-term success!
So today's thinking remains unchanged, continue to short at high retracements, the 1-hour fast and slow lines again give a convergence signal, indicating that there may be a short-term rebound space, but the Bollinger Bands' three tracks continue to press down, indicating that the upside space will not be very large! Therefore, it is advisable to continue to enter within the range of the middle track and upper track;
The 4-hour Bollinger Bands show a contraction pattern, the upper track is pressing down below yesterday’s and the previous day’s parallel resistance position, this position can serve as a defense zone for short positions, so the target continues to look at the EMA60 position mentioned yesterday, and if it breaks down, it can continue to reach the EMA80 and lower track overlap support; The fast and slow lines have successfully formed a golden cross for the fourth time and then formed again, Lihui believes that the death cross is unavoidable, implying that the bearish trend will continue, but it also needs to defend against the first bottom divergence formed after the golden cross; Regardless of how the market unfolds, one must enter the market with a good defense; the big market is still on the way, and it will come soon after the daily line closes!
Today's Ethereum suggested short entry points: 2510-2550 range short; stop loss at 2590; target at 2445-2390; if it breaks 2380-2350, you can continue to hold until below 2300; if it hits the stop loss, you can continue to consult Lihui to adjust the opening price!
Long positions still focus on the second support within the 2300-2350 range, with a target of over 100 points available for free take profit! Specific entry opportunities can follow Lihui's real-time updates!
