Zhang Lihui, edited at 0:20 Beijing time on June 14: Ethereum Market Analysis and Trading Suggestions:
Yesterday, Lihui clearly mentioned in the Ethereum article at 2730 that there were signs of a pullback, hoping everyone noticed not to chase high positions! The market broke through the 4-hour EMA60 and EMA80 support as expected, combined with a wave of long liquidations and the impact of the Middle East situation, causing the price to drop directly below 2500, forming a downward spike. In the evening, the market formed a second support rebound at 2500, which is very similar to the rhythm after the last major downturn, continuing to move in a phase of oscillation and upward correction. After liquidating the longs, it now begins to liquidate the short positions of Bitcoin whales, which may further drive the price rebound. To be honest, the recent news about liquidating whales has been overwhelming; it seems the market makers are quite busy! Without saying much more, everyone must strictly set stop losses when entering the market! I hope that after the liquidation storm, you are still here!
Currently, the 1-hour Bollinger Bands channel has not expanded, but the fast and slow lines have crossed upwards and are still expanding. The volume above the 0 axis has not shown significant weakening, and the KDJ three lines are turning upwards, including the RSI three lines also in an upward phase. Therefore, attention can be paid to the upper breakout resistance at the upper band to the EMA30 position. Those with long positions at the bottom can be advised to hold until this position; if the top EMA60 and EMA80 are directly broken, it is still possible to continue holding;
The 4-hour Bollinger Bands continue to move downwards, and the direction of the three tracks has not changed. Currently, attention should be paid to the overlapping resistance of EMA120 and EMA7 above the K-line. A breakout needs to see the middle track and EMA30 range; the fast and slow lines also continue to show a convergence intention, focusing on the strength and weakness of the volume approaching the 0 axis and whether the first convergence can be successful;
On the daily level, the K-line has already broken below the middle track yesterday, and the bullish trend has turned into a bearish one. The fast and slow lines have once again turned into a death cross and are expanding downwards, with the RSI three lines pointing downwards, and the KDJ three lines just forming a three-line cross downwards. Therefore, the short-term trend is still bearish, and the strategy can continue to focus on short positions, seeking second support below 2500 for potential long entries;
Today's suggested short entry points for Ethereum: short in the 2590-2620 range, stop loss at 2660; target 2540-2470; if it breaks below 2450-2430, it can continue to hold!
Opportunities for long entries can wait for the pullback's second support strength to determine entry opportunities. Specific operations need to be adjusted based on real-time market changes, and you can pay attention to Lihui's real-time updates!
There may be delays in article review and push notifications; the market changes rapidly, and specific entry opportunities must be combined with actual trading operations, with real-time notifications as the standard. The suggested points in the article are for reference only; do not operate with heavy positions. Please set take profit and stop loss when entering, and take profits when favorable!
I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. For those who are not familiar with trading, feel free to comment and leave messages!
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This article is exclusively published by (WeChat Official Account: Zhang Lihui) for reference only; risks are borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges and willing to explore. As the saying goes, "The road ahead is long and has no ending; yet high and low I'll search with my will unbending." I hope we keep pace with the times, absorb wisdom, travel thousands of miles, weather storms, and gain insights into life.
May you, under Lihui's guidance, leverage strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intentions. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and together compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance in this investment journey full of challenges and opportunities!
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