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 counter-trend approach will never go 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%, and reserve the opportunity to add 1-2 times; do not add positions too close, adding positions at support and resistance levels will never go wrong, and stop loss is necessary for the second break; learn to wait for opportunities, only those who are patient can find the most suitable entry points, it's better to miss than to make mistakes; after exiting, learn to review, 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, maintain good trading habits, guard against arrogance and impetuosity, and only then can one continue to profit in the industry in the long term! 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 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 Operation Suggestions on July 2nd:
On the 1-hour candlestick chart of Ethereum, the morning high at 3525 formed a pullback to the EMA30 support and is forming a second peak in a U-shape. It can be seen that it is just coming down from the resistance level of the pullback line. Therefore, we can continue to focus on whether the second peak can break through.
In the MACD, it can be seen that the DIF is forming a rebound at a high level and forming a golden cross, but there is no need to worry too much about this. Even if a golden cross is formed at a high level, the space is not that large. Those who have entered a light short position can add to their position at this level, and those who have not entered can layout a light short position at this level!
On the 4-hour chart, it can be seen that the morning candlestick broke through the top EMA200 and then formed a retracement at the EMA80 position under the pressure of the pullback line. The current market is trying to break through the EMA200 again, and then pull back to the pressure level of 3530-3550. The volume above the 0 axis in the MACD is not that strong, and the DIF and DEA are also forming a convergence above the 0 axis.
During the day, we still need to pay attention to whether Bitcoin will be pressured and retrace after a second high, and then look at the performance of Ethereum, because based on the 4-hour chart, Ethereum is indeed relatively strong. However, the overall trend still depends on Bitcoin, and the bearish trend still exists. Everyone should be cautious when entering the market!
In summary, the short-term market of Bitcoin will once again be under pressure and retrace. In terms of operation, it is still advisable to maintain a high short position. Everyone should pay attention to whether the 4-hour candlestick of Bitcoin can stand firm at the EMA120, and then look at the EMA150 position. You can refer to the shorting and adding positions opportunities of Ethereum, but remember not to blindly chase after long positions, as the risk of being trapped in long positions at the current level is always greater than that of short positions!
It is recommended to maintain a 3% short position in the 3490-3520 range, reserve a 6% adding position in the 3610-3630 range, stop loss at 3650, and take profit at 3450-3400-3355.
There may be delays in article review, and the market is constantly changing. Please set your stop loss and take profit, and take profits when you see them! For more real-time signals, you can follow my public account to obtain them, and you can also learn about market technical analysis and how to get out of a predicament online!
I, Li Hui, interpret world economic news, analyze the global trend of the coin circle, and have in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other currencies while studying 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. 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." May we read thousands of books, keep pace with the times, and draw wisdom from the fountain of wisdom. After traveling thousands of miles, experiencing wind and rain, witnessing the scenery, and understanding life, may you, under the guidance of Li Hui, avoid weaknesses and 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 firm to faith, forging ahead with determination, may we create a brilliant future together with Li Hui, 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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