The ancients said: "Reading ten thousand books is not as good as traveling ten thousand miles; traveling ten thousand miles is not as good as having a famous teacher to guide you." In the field of digital currency, this famous saying is even more precious. It is well known that accumulating information and broadening one's knowledge is the first step to acquiring wisdom. However, the digital currency market is constantly changing and full of variables. It is difficult to deal with the challenges of practice based solely on theory. Only when one is in the situation can they truly understand the difficulties of moving forward. Whether it is shocking or inspiring, there are numerous dangers, like walking on thin ice. However, with the careful guidance of Li Hui, one can avoid going astray, manage risks, and navigate this vast world of opportunities. Li Hui is willing to explore the mysteries of digital currency with everyone, to open up the path of investment, and not to miss the golden age. It is hoped that you will pick up the banner of struggle, and follow Li Hui to embark on this challenging and opportunistic journey together. Let us move forward together and create your own brilliance!
Yesterday, Ethereum was positioned for long near 3400, continuously breaking through to above 3700, with a space of over 300 points. Bitcoin, after failing to break through 72800 last night, entered a sideways trend. Ethereum, after a strong rebound, began to show a downward trend this morning.
The daily K-line shows that the price has experienced a significant rise followed by a slight pullback, but overall remains at a high level. The long positive candle on April 8th indicates that the buyers are controlling the market, followed by small real bodies and shadows indicating market hesitation. In the past few hours, the price fluctuation has been relatively small, mostly with short real bodies, indicating a lack of clear direction in the current market. The MACD indicator shows that both the DIF and DEA are in positive territory, but the MACD histogram has turned from positive to negative, suggesting a possible strengthening of downward momentum. The KDJ indicator shows that the J value is below 100, indicating a possible oversold situation in the short term, and the need to be cautious about the risk of a pullback. EMA7 has been consistently above EMA15, indicating that the short-term trend is still biased towards an upward movement, but the gap between the two is gradually narrowing, so attention should be paid to the change in trend. The significant increase in trading volume on April 8th, accompanied by a sharp rise in prices, shows active buying participation in the market. Subsequently, the trading volume has decreased, reflecting a decrease in market activity, which may lead to reduced price volatility.
The 4-hour K-line shows intensified price fluctuations, especially between 21:00 on April 8th and 02:00 on April 9th, with significant price gaps and increased real body length, indicating intense market sentiment. During these hours, there were consecutive rises and the closing price was close to the highest price, forming a series of long positive candles, indicating that the buyers are controlling the market. The MACD indicator shows that both the DIF and DEA are positive, with DIF above DEA, and the MACD histogram is also in an expanding state, indicating a strong bullish trend.
The J value in the KDJ indicator exceeded 100 (especially from 19:00 to 20:00 on April 8th), which may indicate an overbought situation, and the need to be cautious about the risk of a pullback. However, overall, the K and D lines are still at high levels, supporting the current upward trend. The EMA indicator shows that EMA(7) has been consistently above EMA(15), and the gap between the two is gradually widening. EMA30 is approaching EMA60 from below and is close to EMA120, indicating strong upward momentum in the short term. During the rapid price increase, such as on April 8th at 16:00, the trading volume significantly increased, which is usually seen as a confirmation signal of an upward trend. Although there has been some pullback, the trading volume has remained relatively high, in line with the price trend, showing that the bulls are still active.
Taking into account the above indicators, the overall trend of the coin price is still bullish. It is recommended to focus on long positions, with short positions as a supplement. It is suggested to consider shorting above 3700 to 3655, and entering long positions in the 3650-3600 range. The initial target is to break through 3750 and then reach around 3800. Please be aware that there may be delays in article review, and the market is constantly changing. When entering the market, please set up stop-loss and take-profit points and act according to the situation!
I, Li Hui, interpret world economic news, analyze the global trend of the coin circle, and have conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other currencies during my studies in the United States. For those who are not familiar with operations, I welcome your comments and messages!
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This article is exclusively published by 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 world of digital currency, fear no challenges, and dare to explore. Just as traveling ten thousand miles, "the road ahead is long and distant, I will seek and explore." May we continue to keep pace with the times, draw wisdom, experience the storms, and understand life. With Li Hui's guidance, may we identify strengths and weaknesses, and create value together. May we always remember the baptism of the market, not forget our original intentions, and move forward with determination. In the wave of digital currency, let us hold onto our faith with Li Hui, persevere, and move forward. May we jointly compose a brilliant future and share the joy of success. 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 investment journey full of challenges and opportunities with you.
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