Empty talk and paper talk are things that everyone can do. There are not so many "ifs". If there are any afterthoughts, there is no need to regret the missed opportunities! From now on, you must take this market seriously! Li Hui will continue to uphold professional knowledge, meticulous analysis, unique position-building techniques, and the spirit of staying calm in the face of danger to help every coin trader successfully obtain valuable wealth and continuously realize their own value in the coin circle!
As expected, the second layout of Ethereum yesterday also ended up being a "leek" move! The long position layout below 3170 in the early morning was successful, and the profit was taken in the range of 3140-3160. Unexpectedly, after the second retracement layout, the market experienced a backlash! It was because before the ETF in Hong Kong opened, there was an influx of long positions in the market, with a large number of spot users entering the market at the bottom, causing a wave of upward movement in the market. After the ETF opened, the market directly fell below the opening price, causing market panic! A large amount of main force selling led to a bearish market, but it cannot be ruled out that there were too many long positions in the market, and the institutions took the opportunity to wash out positions! Lao Zhang also timely stopped the loss after Bitcoin fell below 61500, and timely stopped the loss at the 3000 level of Ethereum, avoiding greater losses. Therefore, in such a counter-trend situation, as long as you enter lightly at the second key position after adding to the position, when the coin price continues to break through in the opposite direction, you must stop the loss in time, there is no need to resist. Li Hui often says that as long as it is a key support or resistance position, you should build a position, take profit when necessary, and stop the loss when necessary! You must be decisive! Never hold on to a losing position, first of all, there is a time cost account, and secondly, there is psychological torment! The market is there every day, just start over! There is no need to have a conflict with the market manipulators!
Ethereum market analysis and operational suggestions for May 1st:
Looking at the 1-hour chart, after the coin price surged to around 3260 yesterday morning, it rapidly declined until early this morning, and the coin price reached a low point near 2920 before starting a rebound, and the current coin price is above 2980;
Looking at the 1-hour chart, the candlestick forms a double bottom posture, the current candle is approaching the EMA10 position, the MACD continues to shrink below the 0 axis, the DIF is turning upwards towards the DEA below, intending to form a golden cross, and the KDJ indicator, after the three lines crossed, is spreading upwards towards the overbought zone;
On the 4-hour candlestick chart, there is also a double bottom posture, the coin price still has some distance from the EMA10, the KDJ is also forming a turning point at the bottom, intending to form a three-line cross and move out of the oversold zone, the MACD below the 0 axis is starting to shrink, it remains to be seen if the next 4 hours can shrink successfully, and the candle has been below all this time, the DIF and DEA continue to move downwards in negative territory;
Looking at the daily chart, after the candle pierced the EMA120 moving average last night, it is currently below and is intentionally pulling back to the EMA120; the KDJ three lines are spreading downwards, the J value is lower than the K value and the D value is about to enter the oversold zone! The MACD above the 0 axis has significantly weakened near the 15 value, which is almost the same as the 11th, and the entire MACD chart looks very similar, and the DIF and DEA are also forming a dead cross! This feels like a bad omen! Taking into account the above indicators and the news, after experiencing such a wave yesterday, there may be some major changes in the market, and overnight may be a turning point from bearish to bullish, so we should focus on shorting as much as possible in our current operations!
It is recommended to continue to pay attention to the first range above, not to break through lightly short 3% at 3050-3080, stop loss at 3090; the second range at 3170-3140, if not broken, short 5%, take profit at 3000-2955-2905, and continue to hold if it breaks through to 2895; the entry point for a short-term long position needs to be operated based on real-time changes in the market!
I, Li Hui, interpret world economic news, analyze the global trend of the coin circle, and have in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other currencies while studying in the United States. For those who do not know how to operate, you are welcome to comment and leave a message!
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This article is exclusively published by (WeChat public account: Zhang Li Hui), and does not represent any official position. The publication and review of the article have a time delay. The above points are for reference only, and the risk is at your own discretion! May we always carry humility and courage in this complex and chaotic coin circle, fear no challenges, and dare to explore. Just as we travel thousands of miles, "the road ahead is long and far-reaching, I will seek and explore from top to bottom." May we read thousands of books, keep pace with the times, and draw wisdom from the fountain of wisdom. Travel thousands of miles, experience storms, witness the scenery, and understand life. May you, under the guidance of Li Hui, heed advice, play to your strengths, and create value together. May we always remember the baptism of the market, not forget our original intentions, and thus achieve lasting success. In the wave of digital currency, holding firm to our beliefs with Li Hui, forging ahead with determination. May we jointly compose the future in each other's hands, and share the joy of success together. Let us gather in the turbulent world of digital currency, live up to the prime of life, and create brilliance together. Li Hui is willing to embark on this challenging and opportunistic investment journey with you.
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