6.18 Zhang Lihui: Bitcoin's momentum triggers a short-selling crisis again! Is Ethereum oversold? Where do we see the key support levels? Today's latest ETH market analysis and trading reference! #以色列伊朗冲突 #BTC #BTC走势分析 #ETH #ETHETFsApproved
Lihui positioned for a long below 2500 in Ethereum and made profits up to 2630. Yesterday, he again suggested short positions above 2635, both hitting the article's target of 2510 for profit-taking. This week has already gained 300 points; fans who followed along must be pleased!
Continuing to look at Ethereum, the current 4-hour K-line has broken below the low point range defended for several days and is continuing to test the EMA220 position downwards. The lower track is again showing an opening shape, having crossed below EMA220, indicating that the downward space is not yet finished. As usual, do not chase the market if it doesn't turn back. Continue to pay attention to the upper EMA180 first resistance level; if broken, look to the mid-track and EMA120 for potential opportunities to enter. As for the downside, we can first target the low point around June 13. If the downward momentum during the day is strong enough, we can continue to see the EMA300 range, which is below 2400. For short-term longs, we can also observe the strength of support at the 13th low and EMA300 for entry; conservatively, it is best to enter at MA60. Of course, shorting on rebounds is undoubtedly the safest approach!
On the daily level, there is pressure from above and the mid-track, and it is currently continuing to descend towards the EMA180 position. The same reasoning applies: if this range is broken, we can see the lower track and the support positions where EMA60, EMA80, and EMA120 intersect. The large-scale bearish momentum's ability to continue depends on this position; the fast and slow lines failed to close yesterday and formed a divergence, continuing to spread downwards. During the day, we can keep an eye on the volume strength below the zero axis and whether there are short-term rebound opportunities!
In summary, Lihui believes the bearish momentum is not yet finished and suggests focusing on shorting during rebounds, with short-term longs as a supplement!
Today's suggested shorting points for Ethereum: light short positions in the range above 2525, reserving for additional positions above 2580; stop-loss at 2610; target 2450-2400; if broken, watch for 2390-2370 and consider holding;
Today's suggested long points for Ethereum: long in the range of 2300-2330; target 50-100 can be freely taken; specific operations should be adjusted according to real-time market changes, and you can follow Lihui's real-time updates!
