Empty talk and paper talk are things that everyone can do. There's no need for "what if" or "if only". If you missed the opportunity, there's no need to regret it. From now on, you must take this market seriously! Li Hui will continue to uphold professional knowledge, meticulous analysis, unique position-building techniques, and a calm spirit to assist every coin trader in successfully obtaining valuable wealth and continuously realizing their own value in the coin circle!
First of all, I sincerely apologize to all the fans. The studio was on a break during the May Day holiday, but today we officially return to work and continue to learn and progress together with our coin friends! During the May Day holiday, many coin friends may have been unable to resist and made their own moves. Undoubtedly, many coin friends may have been trapped in short positions. But after Li Hui's return, you don't need to worry. As long as you start building positions lightly and set your liquidation price far enough, you will definitely be able to get out of the trap! Let's take a look at the overall market situation in the coin circle. Although Ethereum has been continuously fluctuating and rising since the 1st, the overall market trend is still bearish, there's no doubt about that! From the 1st until now, the coin price has rebounded continuously after reaching 2816, and the candlestick chart also shows a one-sided fluctuation and rise. Indeed, after several days of continuous decline, the buying sentiment at the bottom is very strong! That's how the market is. So, after several days of seemingly stabilizing at the bottom, will the coin price continue to rise? Li Hui doesn't think so. Li Hui believes that there will be another round of absorbing and attracting long positions, followed by another sharp drop. This is the consistent operating method of the G Fund! Therefore, we cannot rely solely on technical analysis, we also need to learn to think from different perspectives!
Ethereum market analysis and operational suggestions for May 5th:
Looking at the 4-hour chart of Ethereum, after rising from the EMA15 line and breaking through the EMA120 line to reach 3170, it quickly retraced to around 3140. The order of the various moving averages also shows a bearish signal, with the short-term EMA10 and EMA15 moving averages crossing above the EMA30 moving average, but the overall strength seems not very strong, indicating that there is still significant selling pressure above. We can carefully observe that on the 4-hour timeframe, there have been repeated U-shaped rebounds and sharp declines. From the perspective of the moving averages, this time is no exception, as the dense clustering of the moving averages is also a bearish signal! The MACD indicator shows a volume balance above the 0 axis, and the distance between DIF and DEA is narrowing, indicating a possible turning point at any time. Compared to Bitcoin, this wave of Ethereum's rebound seems overly strong, so we need to be more vigilant about potential market changes.
The daily chart has already shown three consecutive positive days, with double upper shadow lines appearing at the moment. There is pressure from the EMA60 and EMA80 lines above the coin price, and yesterday's inverted hammer candlestick is very obvious, indicating a bearish trend. Today's move is probably intentionally stretched out! If there is another long upper shadow line at the close today, the big bear market will strike again! Considering the above indicators, it is advisable to continue maintaining a high short position and not chase long positions at high levels!
It is recommended to pay attention to shorting if the upper range of 3175-3200 is not broken, take profit at 3090-3030-2970; stop loss at 3215. If the lower level is broken at 2960, you can continue to hold until the range of 2920-2900; the entry point for going long needs to be based on real-time market data!
Article reviews have delays, and the market changes in an instant. For more real-time signals, please follow the public account under my name. When entering the market, please strictly set your take profit and stop loss, and take profits when the opportunity arises!
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 while studying in the United States. For those who are not familiar with trading, 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, and the above points are for reference only. Please bear the risks on your own! May we always carry humility and courage in this complex and chaotic coin circle, fear no challenges, and dare to explore. Just as the road ahead is long and arduous, "the road ahead is long and far-reaching, I will seek and explore." May we read thousands of books, keep pace with the times, and draw wisdom from the fountain of knowledge. After traveling thousands of miles, experiencing storms, witnessing scenery, and understanding 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 move forward steadfastly. In the wave of digital currency, holding onto faith and moving forward with determination alongside Li Hui, may we jointly compose a brilliant future and share the joy of success. Let us gather in the turbulent world of digital currency, make the most of our time, and create brilliance together. Li Hui is willing to embark on this challenging and opportunistic investment journey with you.
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