Zhang Lihui, edited at 7:17 AM Beijing time on July 9: Ethereum Market Analysis and Trading Suggestions:
Continuing to look at the 4-hour K-line for Ethereum, it formed a rebound after second support at the middle track last night, and the current upper track position is forming a brief consolidation. It is normal for this position to have some pressure, so fans should understand why the second take-profit target was set at the 2620 position yesterday, as this range will create a slight suppression with the July 3 high of 2535; where there is suppression, there will be a pullback. Therefore, looking at the 1-hour closing pattern, the strength of the pullback will not be very large, and the bullish momentum remains strong. The strategy can still be to wait for a pullback to support levels to enter long positions, with the 4-hour middle track position still being a priority. It can be seen that the middle track continues to rise, and during the day, it may be necessary to raise the short-term pullback strength accordingly. If the middle track is broken, the lower side can continue to reserve the MA220, 180, 60, and 380 four-line support range as a second entry opportunity.
In the daily chart, it can be seen that the K-line is once again effectively supported by the middle track. The middle track support continues to rise, and the trend remains unchanged. The Bollinger Bands channel is also continuing to rise and remains unchanged. The upper track has broken above the July 3 high and is currently touching the MA300 position, indicating that the upper space may be further opened. Therefore, we can continue to look towards the MA380 position. If this position is strongly broken, it may also impact the top MA450 position. However, MA450 is moving down and is also the suppression position of the June 16 high, so MA380 can be regarded as a short to medium-term bullish target. Specific analysis still needs to combine short-term bullish momentum and the strength of the daily axis above the 0 axis and the performance of the golden cross opening. Due to the recent continuous inflow of large funds into Ethereum ETFs, although the bulls are strong, Lihui suggests that the strategy can refer to pullback layouts and avoid chasing long positions directly at high levels! This is to avoid the risk of the main force unloading!
Today's suggested long entry point for Ethereum: light long below 2570; target 2620; if it breaks above 2630-2640, it can continue to hold until around 2700; if it directly breaks above MA380, it can continue to hold until around 2800.
Today's second suggested long entry point for Ethereum: long below 2520, stop loss at 2460; target 2580-2620; if it breaks above 2630-2640, the target remains unchanged!
Opportunities for short positions can be considered near the daily MA380 and MA450 key resistance levels; specific entry opportunities 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, and the market changes rapidly. Specific entry opportunities must be combined with real-time operations, and the article's suggested points are for reference only. Please do not operate with heavy positions, and ensure to set take-profit and stop-loss levels when entering the market. Take profits when the situation is favorable!
I, Lihui, interpret world economic news and analyze the major trends in the global cryptocurrency market. During my studies in the U.S., I conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. I welcome comments and messages from those who are not familiar with trading!
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