Contract trading is nothing more than two directions, and the first consideration for long and short entry decisions is the overall direction. Following the major trend and taking a reverse position will never be wrong! There are several points to the trading mechanism: do not operate frequently; do not hold positions in two different currencies in the same direction at the same time; the initial position should not exceed 5%, with 1-2 times the opportunity for additional positions reserved; additional positions should not be too close, and adding positions at support and resistance levels will never be wrong. Stop loss is a must for the second break; learn to wait for opportunities, and only those who are patient can find the most suitable entry points. It's better to miss out than to make mistakes; after exiting, learn to review and identify the problems and strengths of the trades; make good use of distributed position building, reducing positions, adding positions, and taking profits; review technical indicators on the market, and look for signals of rebound and retracement; continue to improve and maintain good trading habits, be cautious and steady, in order to achieve long-term profits in the industry! Li Hui will continue to uphold professional knowledge, meticulous analysis, unique position building techniques, and maintain a calm spirit to assist every coin trader in successfully gaining valuable wealth, and continuously realize their own value in the coin circle! Wishing everyone to achieve financial freedom in 2024! Keep it up!

Ethereum market analysis and operational suggestions for July 26th:

Yesterday, Ethereum's short position indeed arranged a short at 3330-3360 after breaking through the daily line, and took partial profits at 3240-3130, gaining 200 points. As predicted, the speech by the old Powell will still cause a decline in the coin price. So, early this morning, there is also a speech by the special envoy of the Nashville Bitcoin 2024 event, which can be focused on.

The 1-hour Bollinger Bands for Ethereum continue to open downwards, and the coin price is just at the retracement line, forming a brief retracement. The energy above the MACD continues to decrease, and the DIF and DEA are forming a golden cross at a low level before closing again. There is a demand for retracement in the short term, so pay attention to its turning point and closing form.

The 4-hour chart's Bollinger Bands channel is also running downwards, with no significant expansion overall, indicating that the market is still within a controllable range. There is also a brief volume reduction below the 0 axis, and the distance between DIF and DEA has not significantly closed, indicating that there is still a demand for retracement during the day.

Looking at the daily chart, the current candlestick has broken below the EMA200 support and tested the retracement line position range. Pay attention to the support situation of the EMA260 (3000) below; the DIF and DEA at the 0 axis in the MACD are forming a dead cross. If there continues to be volume below the 0 axis, the demand for short retracement in the coin price can further open up. However, also pay attention to the speed of the market movement and whether there is a rebound at the 0 axis, because there is news in the latter half of the night. It is recommended not to blindly chase the short position. Do not chase the short position at a low level, and only wait for the short space to be completed before entering at a low long position.

Based on the above indicators, the strategy can be to first look for a short position; and then wait for a low position to enter a long position.

Suggested long position at 3000-3020 for retracement, stop loss at 2975, target at 3130-3240-3350; breaking through 3360-3380 can be held until above 3450.

For more real-time trades, follow the public account under my name to obtain them. You can also learn about market technical analysis and how to get out of a predicament online! Article reviews have delays, and the market changes rapidly, so remember to set stop loss and take profit, and take profits when the opportunity arises!

I, Li Hui, interpret world economic news, analyze the global trend of the coin circle, and have in-depth research on currencies such as BTC, ETH, LTC, DOT, EOS, BNB, SOL, etc. during my study and further education in the United States. For those who do not know how to operate, you are welcome to comment and leave a message!

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This article is exclusively published by (WeChat public account: Zhang Lihui), 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, and the risk is at your own discretion! 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, "the road ahead is long and far-reaching, I will seek and explore from top to bottom." May we read thousands of books, keep pace with the times, and draw wisdom from the fountain of wisdom. Travel thousands of miles, experience wind and rain, witness the scenery, and understand life. With Li Hui's guidance, may you 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 thus achieve lasting success. In the wave of digital currency, holding onto faith with Li Hui, forging ahead with determination. May we jointly create 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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