5.25 Zhang Lihui: Bitcoin's rebound momentum is exhausted, beware of weekend volatility traps, how should we position in the Ethereum closing market? Today's latest (ETH) market analysis and trading reference! #加密市场回调 #BTC #btc70k #ETHETFsApproved #ETH（二饼） $BTC $ETH
This weekend's market is no exception, once again falling into a range-bound oscillation. Ethereum's candlestick has been running around the 1-hour channel, with the current candlestick approaching the upper boundary position. However, there are no significant signs of a breakout at the upper boundary. The EMA60 and EMA80 have formed short-term resistance, and a breakout here needs to be observed at the MA60 level. Below, we continue to pay attention to the EMA180 and EMA220 range support during the day. A breakout needs to be watched down to the EMA300 level, which is also the low point on the 22nd and can be referenced as parallel support and a low long entry position. Although a low-level golden cross has formed at the current level, and there is volume above the zero line, it is still not showing strong performance, and short-term stretching may be further hindered!
In the 4-hour chart, it is clear that the Bollinger Bands are closing significantly. Each closure indicates the brewing of a major market trend. Therefore, we need to pay attention to whether the middle band can further break out during the day. The upper high can focus on the upper band position, which also coincides with the 1-hour MA60 position. The lower band is also actively rising, approaching the low points of the past two days. The fast and slow lines at the current level have already formed a death cross, and the daily line is likewise. Thus, the mindset can still maintain a focus on short positions;
Today's Ethereum short position suggestion: Light short above 2600; stop loss at 2660; target 2560-2520-2465; if it breaks below 2460-2445, it can continue to hold; if the stop loss is hit, it can continue to adjust to above 2700 and the previous high resistance to continue short;
Long position suggestion: Enter at the 1-hour EMA300 position support, which is the effective support in the range of 2445-2460, aiming for over 100 points to pocket freely! Specific entry opportunities can follow Lihui's real-time updates!
The article review and push have delays; the market changes rapidly. Specific entry opportunities must be combined with actual trading operations, based on real-time notifications. The article's suggested points are for reference only; do not operate with heavy positions. Please set take profit and stop loss when entering, and take profit when satisfied!
