4.25 Li Hui: Ethereum High Short Strategy! Short-Term Long Has High Suspicions of Inducing Long! Where to See the Next Low Point? Today's (ETH) Market Analysis and Operational Reference! #TRUMP晚宴 #加密货币总市值重回3万亿 #BTC走势分析 #ETH走势分析 $BTC $ETH
Li Hui updated in yesterday's early morning article that Ethereum can be shorted with market orders above 1800, with the target accurately set at the 1750-1730 range for profit taking. As Li Hui mentioned, the double top can be shorted, which is relatively stable. Although the downward speed during the day is slow, all the space has been captured! Then Bitcoin also captured long positions below 92000 and took profits above 93100; Li Hui's thinking remains unchanged, Bitcoin pullback to go long, and Ethereum continues to focus on high shorts, not chasing long positions at the current location, reconsidering long positions after next month's upgrade!
Currently, the upper band of the Bollinger Bands on the 1-hour level is encountering resistance at MA30, and the candlestick just surged to this position forming a pullback. The fast and slow lines are failing to converge below the 0-axis, which may diverge again. Below the 0-axis, there may be continued volume expansion. Bitcoin's 1-hour fast and slow lines also give an inducing long signal, indicating that Ethereum's short-term long rebound is undoubtedly a fact of inducing long. Therefore, today's short entry point can be considered at the intersection of the upper band and MA30, with the stop-loss still placed above the previous high. If the breakout short position is lost, there’s no need to hold it;
The current 4-hour candlestick is under pressure at the intersection of the middle track and EMA220, with the upper band of the Bollinger Bands declining below yesterday's high point close to 1800, indicating that the upper space will not be too large. Therefore, Li Hui believes that chasing long positions is not advisable; because a dead cross has formed at the high position on the 4-hour chart, it is only a short-term long rebound, but the volume below the 0-axis is very weak, so it is moving very slowly. Therefore, continue to pay attention to whether the lower track can go below last night's low point, then the lower space can be expected to be larger;
Suggested short entry points: continue to lightly short in the 1770-1800 range, with a stop-loss at 1840 and targets at 1730-1675-1640; if broken, can continue to hold at the 1620-1600 level!
Article review and push have delays, the market changes rapidly, specific entry opportunities must be combined with real-time operations, based on real-time notifications, article suggested points are for reference only, do not operate with heavy positions, please set take profit and stop loss when entering, take profits when good!