5.11 Zhang Lihui: Do not chase long positions at high levels for Bitcoin! How far can we see the long-term targets during the Ethereum rebound window? Today's (ETH) market analysis and operational reference! #BTC重返10万 #BTC☀️ #ETH（二饼） #EconomicAlert #ETH $ETH

Currently, the situation for Bitcoin and Ethereum is quite clear. Bitcoin is in a high-level consolidation phase, and in the short term, everyone should avoid chasing long positions at high levels, as the price is already very high, making the spot cost not worthwhile! As for Ethereum, it is in a rebound phase; the adjustment range in the past few days has been very small, which everyone can see, and it has changed from previously only dropping without rising. The larger trend still requires attention to the weekly situation as mentioned by Lihui; the previous article also stated that if the daily EMA120 and the 2250 range break again, we can continue to look up to the MA120 and EMA180 positions. Lihui has already arranged for profit-taking above this position, leaving the bottom position to continue holding. We can see that the current K-line has rebounded close to yesterday's high EMA220 position, which is also a challenge to the previous high. If it breaks, the next position could be considered above the EMA300 position, which is around 2600. Moving up further, there are the MA220, MA300, and MA180 three-line positions;

Since the bulls have started, then going long on a pullback is the best choice. One can consider the 1-hour mid-track and lower track overlapping with the EMA30 range as a good entry opportunity. We can see that the fast and slow lines have golden crossed again and are opening upwards, and the volume above the 0 axis is also continuing to increase, indicating that the bullish trend is likely to continue!

The 4-hour Bollinger Bands are also continuing to close upwards, with the mid-track constantly rising close to the 2400 position, indicating that the bottom support is being raised, so it is quite normal that everyone hasn’t been able to catch low long entry points recently; of course, blindly chasing long positions is also inadvisable. One must enter during corrections, as this will increase the space while reducing risk! More importantly, maintain proper stop-losses. Although the current Ethereum market is performing strongly, don't forget to avoid risks!

Today's suggested long entry point is: light long in the range of 2410-2380, with a defense at 2210 to add long, and stop-loss below 2200; targets are 2460-2530-2600; if it breaks 2610-2630, you can continue to hold until the positions of MA220, MA300, and MA180.

For Ethereum short positions, it is necessary to be conservative, as there is still a risk of rebound, and one can wait for the weekly closing to consider! Specific operational opportunities can be consulted with Lihui at any time!