5.22 Zhang Lihui: The death cross of Bitcoin and Ethereum is about to form on the daily chart! Although the liquidation of long positions is delayed, it has arrived! Today's latest (ETH) market analysis and trading reference! #BTC再创新高 #BTC挑战11万大关 #ETH #Ethereum $BTC $ETH

There is nothing to question about the plunge in the early morning; extremes must reverse, and the liquidation of long positions is on the way, albeit delayed! Yesterday's Ethereum article indeed sustained a small loss, which I have publicly acknowledged; everyone can see that under the condition of Bitcoin's strong intraday rally, this is the only course of action! The principle of small losses and large gains remains unchanged! Only by preserving the remaining bullets can we face the next battle. This is why I arranged a short position above 2600 in the early morning; within half an hour, I made 100 points and recovered the small loss!

As you can see, after the early morning K-line hit the upper band of the 4-hour chart, it formed a sharp retracement, directly pulling back to the lower band and coinciding with the EMA60 position. The current K-line intends to continue breaking down; thus, the next position would be the EMA80 level. If this level cannot hold, then a significant downward trend will continue toward the EMA120 position, with the fast and slow lines converging again, and the death cross is imminent; therefore, the short-term strategy remains focused on short positions during rebounds, with emphasis on the mid-band and upper-band positions today;

In fact, the reason why Lihui has consistently held a bearish view is clearly visible from the daily chart, and the thinking is undoubtedly correct, though the stop loss level is set a bit too close, which is also for the safety of the fans; from the fast and slow lines, it has been in a convergence phase, and the current high-level death cross is already unavoidable, so let's continue to watch the bearish trend unfold; the upper peak still looks at the EMA300 level that I have mentioned many times; for the lower side, first look at the lower band and the EMA180 and EMA15 coinciding position. If this position is lost, then everyone should just wait and see!

Today's Ethereum short recommendation: Light short above 2520; reserve 2620 for additional positions, stop loss at 2650; target 2460-2410; if it breaks 2400, you may continue to hold until the 2310 position; specific long 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, based on real-time notifications; the recommended positions in the article are for reference only. Do not operate with heavy positions, and please set take profit and stop loss when entering. Take profit when the opportunity is good!