Zhang Lihui, edited at 1:38 AM Beijing time on April 25: Ethereum market analysis and trading suggestions:
In yesterday's early morning article, Lihui updated that Ethereum could be shorted with a market order above 1800, with the target accurately set in the 1750-1730 range. As Lihui mentioned, the double top can be a stable short position. Although the downward speed during the day was slow, all the space was captured! Then Bitcoin also took a long position below 92000 and successfully closed above 93100; Lihui's strategy remains unchanged, with Bitcoin being bought on dips and Ethereum continuing to focus on shorting at highs. Currently, no long positions are pursued, and new positions will be considered after next month's upgrade!
Currently, the upper Bollinger Band on the 1-hour chart is encountering resistance at the MA30, and the candlestick has just surged to this position, forming a pullback. The fast and slow lines are closing below the zero axis, which may indicate a failure to diverge again. Below the zero axis, there may be continued volume increase. The fast and slow lines for Bitcoin on the 1-hour chart also provide a false long signal, indicating that Ethereum's short-term long rebound is indeed a fact of false long. Therefore, today's short entry point can be considered at the intersection of the upper band and MA30, with the stop loss still placed above the previous high. If the short position breaks, it is unnecessary to hold it;
On the 4-hour candlestick chart, it is currently under pressure at the intersection of the middle band and EMA220. The upper Bollinger Band is trending downwards today, falling below yesterday's high near 1800, indicating that the upper space will not be too large. Therefore, Lihui believes that chasing long positions is not advisable; because a dead cross has formed at the high on the 4-hour chart, it is merely a short-term long rebound, but the volume below the zero axis is very weak, so the movement is slow. Therefore, continue to pay attention to whether the lower band can fall below last night's low, which would indicate a larger space below;
Suggested short entry points: Continue to lightly short in the 1770-1800 range, with a stop loss at 1840 and targets at 1730-1675-1640; if it breaks below the 1620-1600 level, it can be held!
There may be delays in article review and push notifications; the market changes rapidly, and specific entry opportunities must be combined with real-time operations. The suggested entry points in the article are for reference only; please do not operate with heavy positions. When entering, please set take profit and stop loss, and take profits when 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 BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. For those who are unsure about trading, feel free to leave comments!
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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 jointly 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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