6.3 Zhang Lihui: Can Bitcoin continue to hold the daily EMA30 lifeline this week? Is there selling pressure behind the Ethereum daily death cross at the middle band? Today's latest (ETH) market analysis and trading reference! #加密市场回调 #BTC #BTC走势分析 #ETH #ETH走势分析 $BTC $ETH
Yesterday, Bitcoin once again held the EMA180 and the 103000 level, moving out of the rebound consolidation zone with fluctuations. Today, continue to pay attention to the 4-hour fluctuation high points EMA60, EMA80, and upper band resistance for short positions, while still focusing on the lower band and EMA180 support to defend; Ethereum is similar, approaching yesterday’s article first target and rebounding again. It seems that the 2465 parallel support level mentioned earlier by Lihui is indeed very strong, but that's okay, the space given by the fluctuation range is sufficient, since there is a rebound, it continues to provide opportunities for high short positions!
Ethereum on the 1-hour chart is also hitting the upper band and EMA220, EMA180, EMA120 three-line position. The upper band does not have a clear upward signal, and there is selling pressure from MA120, MA220, MA300, and MA380 at the top, so it is not very rational to transition to bullish; it's just a short-term rebound demand!
The 4-hour K-line is also hitting the upper band and MA30 and MA60 positions. Although there is a rebound intention, the lower band is still downward, and the conditions for a unilateral rebound do not exist. Those holding short positions need not panic too much, and today we need to continue to pay attention to whether the lower band can continue to extend to the lower MA180 and EMA180 crossover position. As long as it is pressured again, the K-line will still drop back to this position;
The daily Bollinger Bands channel still maintains a parallel position, and the current K-line is blocked by the middle band resistance. MA180 continues to fall closer to the middle band position, which may add another barrier to the rebound. Therefore, today's short-selling defense needs to be adjusted to above the EMA300 position, just above the MA180, which is also relatively reasonable; the current level's fast and slow lines are dead cross at a high position, continuing to spread downward. Lihui still believes that the bears have not finished, and the strategy remains to wait for the short-term rebound to complete before focusing on shorts;
Today's suggested short entry point: Light short above 2575; stop loss at 2625, target 2520-2470; if it breaks below 2465-2450, you can continue to hold; if it hits the stop loss, you can continue to adjust the opening price!
For long positions, pay attention to whether Bitcoin can form a rebound at the 103000 level before looking for entry opportunities. Specific operations can be consulted with Lihui based on real-time market changes! You can follow Lihui's real-time updates!
