Zhang Lihui, edited at 6:19 AM Beijing time on June 3rd: Today's Ethereum market analysis and trading suggestions:
Yesterday, Bitcoin once again held the EMA180 and the 103,000 level, moving out of the rebound consolidation range with fluctuations. Throughout the day, continue to pay attention to the 4-hour fluctuation high points EMA60, EMA80, and the upper boundary for short positions, while still focusing on the lower boundary and EMA180 for support. Ethereum is similar; it approached the first target mentioned in yesterday's article and rebounded again. It seems that the parallel support level of 2465 mentioned earlier by Lihui is indeed strong. However, it’s not a concern, as the space provided by the fluctuation range is sufficient. Since there is a rebound, it continues to provide opportunities for short positions!
Ethereum on the 1-hour chart is also pushing against the upper boundary and the EMA220, EMA180, and EMA120 positions. There is no obvious upward signal at the upper boundary, and there is selling pressure from the MA120, MA220, MA300, and MA380 lines at the top. Therefore, being overly bullish is not very rational; it is merely a short-term rebound demand!
The 4-hour candlestick chart is also pushing against the upper boundary and the MA30 and MA60 positions. Although there is a rebound intention, the lower boundary is still trending downwards, and the conditions for a unilateral rebound do not exist. Those holding short positions need not panic too much; continue to monitor whether the lower boundary can extend to the intersection of the lower MA180 and EMA180. As long as it is pressured again, the candlestick will still fall back to this position;
The daily Bollinger Bands channel remains parallel, with the current candlestick being blocked by the middle band. The MA180 continues to fall closer to the middle band, which may add another barrier to the rebound. Therefore, today’s short position defense needs to be adjusted to above the EMA300 position, which happens to be above the MA180 and is quite reasonable. The current fast and slow lines at this level are forming a death cross at a high position, continuing to spread downwards. Lihui still believes that the bearish trend is not over, and the strategy is to continue waiting for the short-term rebound to finish 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 the stop loss is hit, you can continue to adjust the entry price!
For long positions, pay attention to whether Bitcoin can form a rebound at the 103,000 level before looking for entry opportunities. Specific operations can be consulted with Lihui based on real-time market changes! You can follow Lihui for 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 operations. 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. I welcome comments and messages from those who are not familiar with trading!
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This article is exclusively published by (WeChat Official Account: Zhang Lihui) and does not represent any official position. There may be delays in article publication and review; the above points are for reference only, and risks are borne by the reader! May we always carry humility and courage in this complex cryptocurrency world, unafraid of challenges and daring to explore. Just as one travels thousands of miles, "The road ahead is long and winding; I will seek it up and down." May we read thousands of books, keep pace with the times, and draw from the fountain of wisdom. Travel thousands of miles, experience storms, witness scenery, and gain insights into life. May you, under Lihui's guidance, learn from each other’s strengths and weaknesses to create value together. May we always remember the baptism of the market, stay true to our original intentions, and achieve our goals. In this wave of digital currency, let us hold on to our beliefs with Lihui, remain resilient, and move forward bravely. May we, hand in hand, compose a brilliant future together and share the joy of success. Let us gather in the dynamic world of digital currency, not waste our youth, and create brilliance together. Lihui wishes to embark on this investment journey filled with challenges and opportunities with you.
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