6.6 Zhang Lihui: Is Bitcoin's daily mid-line under pressure and breaking below 100k? Will Ethereum break down to 2465 on non-farm payroll day? Today's latest ETH market analysis and trading reference! #美国初请失业金人数 #非农就业数据将公布 #BTC #ETH #ETH走势分析 $BTC $ETH
In yesterday's article on Ethereum, Lihui mentioned that the 4-hour K-line double top structure was indeed effective, and there was no impact to break the previous high during the day. After the unemployment data was released in the evening, the K-line briefly surged and then formed a drop below the 4-hour MA120 and MA30 range. The bulls made a false move, and the bears got what they wanted; Lihui has also mentioned for many days that Bitcoin's daily mid-line is under pressure, and it does not have the conditions for a significant rise, which is why the strategy has always been to position for a rebound short;
Continuing to look at the current Ethereum 4-hour fast and slow lines, they have formed a death cross and are continuing to spread downwards. The K-line has pierced the MA120 and MA30 support range a second time, so the next position is the EMA120 and MA180 range. If it breaks below this week's low, the much-anticipated bearish market will strike again; for the upper side, we are still focusing on the pressure at the 4-hour mid-line to intervene, with defense set above the upper line and the previous high points, just waiting to see if a short-term rebound opportunity can be provided!
On the daily level, we continue to position around the three lines of the Bollinger Bands. If it breaks below, we still look at the lower line and the parallel support of multiple days' lows. On the upper side, we look for entry opportunities as the mid-line and upper line are under pressure, because the MACD's volume has remained in the negative state, including the DIF and DEA, which have always been in a death cross opening pattern, so the strategy should ideally maintain a rebound short! A bearish crash is bound to happen sooner or later!
Today's suggested short points for Ethereum: 2590-2640 range light short; stop loss at 2690; target 2625-2480; if it breaks below the 2470-2450 range, it can be held;
For long positions, pay attention to whether the daily lower line can support again before intervening, with a target of over 50 points that can be freely taken; it is not advisable to hold as a medium to long-term position! Specific entry opportunities can be followed up with real-time updates from Lihui!
The article review and push have delays; the market is changing rapidly, and specific entry opportunities must be combined with real-time operations, and notifications should prevail. The suggested points in the article are for reference only, and heavy operations should be avoided. Please ensure to set profit-taking and stop-loss when entering; take profits when favorable!