Ethereum Market Analysis Ethereum has rebounded for 2 days, with the price approaching 2450. The one-hour Bollinger Bands have closed the upward channel, and the MA moving averages have completed their bullish momentum. If there is no support at the golden pocket, pay attention to the 2350 level. Daily pressure is focused on the 2500 level. The four-hour MACD golden cross continues to decrease in volume, and after the KDJ leaves the overbought zone, it will provide opportunities for bearish volume. Overall, Ethereum can be positioned for short trades at pressure points. Trading Suggestions: Short in batches at 2490-2520 Target: Break below 2390-2350 to reach 2290 Risk Control: 2540
6.24 SOL Market Analysis From the hourly level, SOL dipped to the 125 line yesterday and rebounded to the high point of 147 this week. There is strong resistance at 148 due to Fibonacci retracement, and after the weekly candlestick volume touches the 7-week moving average, it will also form pressure to test 137 again. Currently, SOL is at 145, showing a two-test pressure level trend. During the day, attention can be paid to short positions near 147. The attached MACD green energy bars have achieved a double golden cross, indicating a top divergence. Overall, the bearish trend for SOL is clear, and it is recommended to follow the trend. Trading Advice: Short in batches at 147-150 Target: Break 137 to 127 Risk Control: 153
Bitcoin Short Position Take Profit 2400 Points Space Yesterday, Bitcoin faced upward pressure, and I mentioned in the article that during the rebound to 102000-102400, I gradually placed short positions, targeting 99600-97600. In the early morning, Bitcoin made a drop reaching the first take profit point. Friends who followed can take profit with a 2400-point space.
For more market updates, please follow the public account of Coin Circle Zhang Zhengwei. I have unique insights into one-sided markets, and my thinking is clear. Feel free to reach out to me for discussions on the market.
6.23 Bitcoin Market Analysis Yesterday, Bitcoin dipped to around 98,000 in the early hours, then rebounded to the 100,000 mark during the morning. The one-hour moving average is about to converge on the middle track, and the 30-week moving average shows no signs of turning. The Bollinger Bands will continue to open downward after contracting, testing weekly support at 96,500. As long as support is not touched, we maintain a bearish outlook. For the four-hour level, pay attention to resistance at 101,600-102,600. In the short term, bulls have no volume left, and today, Old Zhang suggests laying out short positions around 102,000.
Trading Advice: Short in batches at 102,000-102,400 Target: 99,600-97,600-96,600 Risk Control: 102,900
Take profit of 170 points with empty orders Lao Zhang reviewed Ethereum at noon yesterday. In the conclusion, he mentioned that the 4-hour naked K closed at 2480. In the future, we can pay attention to around 2350. Therefore, it is suggested that Ethereum rebound to 2540-2560 and go short in batches. The target point is 2490-2350. The lowest drop in the early morning was 2366. Following this wave of short orders, you can take profit of up to 170 points.
For more market trends, you can follow the official account of Zhang Zhengwei of the currency circle. I have unique insights into unilateral market trends and clear ideas. You can find me to discuss market trends.
6.20 Ethereum Market Analysis Ethereum's rebound this week has been suppressed by the Fibonacci level of 2680, leading to a pullback. Currently, it is still in a low-level consolidation. The hourly moving average broke the midline for the first time after reaching a high this week. If the closing price remains at 2480, we can look forward to the 2300 level. Short-term pressure to watch is at 2540; if reached, it presents an opportunity for short positions. The MACD indicator in the attached chart is hovering around the zero axis with green energy bars lacking volume. Overall, Ethereum can be positioned for short trades after a rebound today. Suggested Action: Short in batches at 2540-2560 Target: 2490-2350 Risk Control: 2585
6.17 Ethereum Market Analysis Ethereum has been in a sideways trend for more than a month, with three attempts to break the resistance at the hh golden ratio but unable to stabilize above the pressure level. Intraday, the bulls pushed up to 2680 but retreated, failing to open the upper Bollinger Band channel. The 30-week moving average at the four-hour level is under pressure, and there is no golden mouth formation this week. If the naked candle closes at 2560, it will continue to explore 2480-2380. The accompanying MACD shows a golden cross with diminishing volume at the end. Overall, this week, Ethereum can be primarily viewed as bearish. Trading Suggestions: Short in batches at 2585-2615 Target: 2480-2380 Risk Control: 2630
6.13 Ethereum Market Analysis Ethereum opened lower today, breaking through the Fibonacci support level. It is currently fluctuating near the 2500 mark. The break of support can lead us to focus on the next support point at 2390. The one-hour moving average shows sufficient downward space, and there are no signs of contraction in the Bollinger Bands at the moment. The MACD in the attached chart shows a death cross with continuous volume increase, and the KDJ is in the oversold zone in parallel. Overall, Ethereum has ample space for a pullback, and it is recommended to follow the trend. Trading Advice: Short in batches at 2510-2530 Target: 2440-2390 Risk Control: 2550
6.10 Ethereum Market Analysis Ethereum has pulled back from a high of 2726 in the morning, currently breaking the 2700 level. There is no significant volume for shorts during the day, and attention can be paid to the strong support at the 2650 level. The one-hour Bollinger Bands are still opening upwards with no signs of narrowing. The MA moving averages maintain a golden cross upwards. On the four-hour level, the closing pressure is strong above, and the 2800 level can be looked forward to. Overall, there is room for Ethereum bulls, and it is recommended to position long. Trading Suggestion: Buy in batches at 2660-2640 Target: 2740-2790 Risk Control: 2615
6.9 Ethereum Market Analysis Ethereum closed above 2700 in May, and the market has been sluggish this month, unable to break through the 2800 level. After a two-day consolidation, the four-hour Bollinger Bands have narrowed. The MA moving averages have formed a downward trend at Monday's opening, and when the naked K touches the upper band, it will be an opportunity for short positions. For short-term support, watch 2440; if it breaks, the next target is 2380. The attached MACD shows a golden cross with low volume that can be released, and the technical KDJ indicates a high position dead cross decline. Overall, there is a strong bearish sentiment for Ethereum during the day, and it is recommended to follow the trend. Trading Suggestions: Current price 2520-2540, short in batches Target: 2450-2380 Risk Control: 2560
5.26 SOL Market Analysis After the bearish volume of SOL yesterday broke below the 170 mark, it rose to 177 during the day, attempting to break the Fibonacci level at 178. The one-hour MA moving averages have not formed a golden cross, and with the 30-week moving average not crossing above the middle track, one could attempt to place short positions around 178. The upward pressure on SOL is clearly effective, and the trend of the Bollinger Bands opening upwards will slow down, with support to watch at 168. The MACD on the width chart is about to reduce volume after a golden cross, and the KDJ fast line is at its peak. Overall, the bullish volume of SOL is nearing its end, and it is recommended to take high short positions for more stability. Trading Suggestion: Short in batches at current price 178-180 Target: 173-168 Risk Control: 182
5.24 Ethereum Market Analysis After a sharp drop in Ethereum's price yesterday, it is currently in a low-level consolidation. The one-hour chart shows that the Bollinger Bands have narrowed and are parallel, and the moving averages have not formed a golden cross in the past two days. The price is expected to maintain a volatile upward trend. Today's resistance to watch is 2580; if broken, pay attention to 2610, which is a significant resistance level for the longer term and can be seen as an opportunity for long positions. The MACD indicator shows a bearish crossover and is declining from a high position, indicating a short-term pullback trend. Tomorrow, Ethereum is still expected to maintain a volatile upward trend. Old Zhang suggests buying in batches as Ethereum pulls back to 2530-2510. Target: 2580 Risk Control: 2490
Short Position Suggestion: 2610-2630, sell in batches Target: 2550-2500-2450 Risk Control: 2650
5.23 Ethereum Market Analysis Ethereum reached a resistance level around 2750 during the day, leading to a sharp drop in the main trading price as sellers offloaded. Currently, Ethereum has broken below the support level of the upward channel, and this evening we will monitor whether the short-term support at 2450 holds. The one-hour moving average has turned downward, and the Bollinger Bands have opened up in a downward channel. Cautiously, one can consider shorting around 2565, while aggressive traders may short at the current price. The MACD indicator in the sub-chart has shown a death cross with significant volume, and the KDJ indicator indicates that the primary trend is approaching oversold conditions. Overall, the upward momentum of Ethereum is slowing down, suggesting a bearish outlook. Trading Suggestions: Short in batches at current prices of 2540-2565 Target: 2480-2420 Risk Control: 2590
5.21 Ethereum Market Analysis Ethereum experienced a rebound after a morning decline, supported by the Fibonacci retracement, and has stabilized around the 2500 level. The intraday high reached 2615, without hitting resistance. I, Lao Zhang, remain optimistic about the 2700 mark; if it doesn't touch, there won't be a significant pullback. On the hourly chart, the moving averages are in a golden cross cycle, and the upper Bollinger Band is providing short-term resistance to the upward movement. The overall trend remains bullish. The MACD shows a dead cross with no volume to release. On the technical front, the KDJ has a low-level golden cross and is rising. Short-term support to watch is at 2540; if touched, a long position can be entered. Trading Advice: Gradually buy in at 2540-2510 Target: Break above 2640 to reach 2750 Risk Control: 2490
Ethereum long position take profit at 100 points space Yesterday morning at 7:30, I suggested to enter a long position when Ethereum falls to 2475. Currently, Ethereum has risen to around 2600, reaching the first take profit point, and those who followed have already gained over 100 points.
5.20 Ethereum Market Analysis Ethereum fell yesterday but rebounded with support at the 2300 level. It is now close to yesterday's high point, with the short-term pressure of 2500 having been broken. It is currently oscillating at a high level, trying to stabilize around the 2500 line. The 7-day moving average crossed above the mid-track in the early morning, and the 30-week has given a golden cross signal for an upward trend. The bare KV resistance will be unable to suppress it. Overall, Ethereum is expected to continue the weekly bullish trend and re-test the 2700 line during the day. Trading Suggestion: Buy in batches at 2475-2450 Target: 2575-2675 Risk Control: 2425
Analysis of Bitcoin Market on May 19 From the one-hour perspective, the last surge of bullish momentum broke through to a new high, soaring to around 107,000 before plunging to approximately 102,600. In the short term, the resistance for Bitcoin to watch is around 103,000; touching this level will present a short selling opportunity. After the bearish volume has been released, the Bollinger Bands have opened downwards, and the MA 7-week moving average has first fallen below the middle line. Bitcoin is expected to retrace to around 100,400 during the day. After hitting support, pay attention to whether the support holds. The MACD on the chart is showing a bearish crossover at a high level, indicating sufficient downward space. Overall, Bitcoin is expected to wait for a rebound to around 103,000 before turning bearish. Trading Advice: Sell in batches at 103,000-103,500 Target: Break below 100,500 to 98,500 Risk Control: 104,000
Ethereum gained 155 points of space In the article published at 11 PM last night, it was suggested that the bearish trend for Ethereum is strong. When Ethereum rebounded to 2585, it was time to enter short positions, targeting points at 2535-2430. In the early morning, Ethereum plummeted to 2312, reaching the target points. Friends who followed this wave of short positions have gained 155 points of Ethereum. For those who are greedy, there is a potential of holding 260 points of space.
I update my strategy thoughts irregularly every day, and my ideas are publicly shared across the internet. Everyone is welcome to follow my official account and contact me for market discussions.
5.18 Ethereum Market Analysis After 2 days of fluctuating consolidation, Ethereum rose in the evening session to reach the Fibonacci level of 2585. On the hourly chart, if the resistance is not broken, it will continue to be under pressure. The Bollinger Bands show a short-term upward trend clearly indicating a potential false break. The MACD shows a golden cross with no volume to support it, and on the technical side, after the KDJ fast line reaches the top, it will present an opportunity for a bearish volume increase. Overall, if Ethereum touches the vicinity of 2585 again during the day, it would be advisable to set up a short position. Trading Advice: Short in batches at 2585-2605 Target: 2530-2430 Risk Control: 2630
5.16 Ethereum Market Analysis Yesterday's Ethereum trend was predominantly bearish. My analysis has not yet reached the entry point. Currently, Ethereum's pullback has not touched strong support, and I can still maintain a bearish outlook for the day. The one-hour level experienced fluctuations in the morning, which did not lead to an upward breakout of the moving averages. The morning closing at 6 AM formed a downward line, indicating a bearish signal. Pay attention to the resistance around the 2600 level and patiently wait for Ethereum to reach the resistance to set up short positions. The four-hour mid-band moving average support has turned into resistance. Overall, Ethereum lacks sufficient bullish momentum during the day; it is advisable to focus on the larger trend. Trading Suggestion: Short in batches at 2580-2600 Target: 2520-2420 Risk Control: 2625