7.19 Zhang Lihui: Will Ethereum's 4-hour double top definitely pull back? Beware of violent stretches after a false short! Today's latest market analysis and trading reference for Ethereum (ETH)!

Zhang Lihui, edited at 1:16 AM Beijing time on July 19: Ethereum market analysis and trading suggestions:

This weekend may again see slight fluctuations at high levels, without exception? The 4-hour K-line shows a double top, with the price testing the upper boundary twice and forming a pullback. Approaching the middle band and EMA7 support, there is an intention to rebound again. The lower band of the Bollinger Bands is rising without slowing down, and the upper band is narrowing below yesterday's high. Therefore, this weekend may see a horizontal consolidation at high levels, allowing for consideration of low support buying, and shorting if the high is not broken. Continue to pay attention to the middle band and EMA7 support levels below, with defense set at EMA15; currently, the fast and slow lines at this level show signs of convergence, and we need to guard against a significant pullback after a death cross forms. The KDJ three lines are also crossing downwards at high levels, indicating a short-term pullback space exists, but it is not very large. Throughout the day, continue to monitor the strength of support below, with the RSI three lines remaining near the overbought area, showing that bulls still exist. It is recommended to pay attention to whether a death cross can be invalidated and diverge upwards when the fast and slow lines converge to extremes! If the market continues to decline slowly and rebounds quickly, the short-term inducement to short may play out again. I hope everyone remains calm when entering the market and does not blindly short at the first sign of a pullback! It is easy to get severely punished! Please be cautious! Lihui suggests maintaining a low long strategy after a pullback, and if there are multiple unsuccessful attempts to break through at high levels, consider shorting!

Today's Ethereum suggested long entry point one: Long below 3540; add below 3440; stop loss at 3400; target 3600-3670; if it breaks above 3680, you can continue to hold until the 3740 position;

Today's Ethereum suggested long entry point two: After three failed attempts to reach the upper boundary at 3674 on the 4-hour K-line, consider shorting, with a target of 50 points;

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, based on real-time notifications. The suggested entry 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 cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. For those who are not familiar with trading, feel free to leave comments!

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This article is exclusively published by (WeChat public account: Zhang Lihui) for reference only, and the risk is borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges, and willing to explore. As the saying goes, "The road ahead is long and has no ending; yet high and low I'll search with my will unbending." I hope we keep pace with the times, absorb wisdom, travel thousands of miles, weather storms, and gain insights into life.

May you, under Lihui's guidance, leverage strengths and avoid weaknesses, create value, and remember the market's trials, staying true to your original intentions. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and together 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!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully, and thank you for reading.

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