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%, and reserve 1-2 times for replenishment; replenishment should not be too close, and replenishing 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 with patience can you find the most suitable entry point. It's better to miss out than to make mistakes; after exiting, learn to review and identify the problems and advantages of opening positions; make good use of distributed positions, reduce positions, replenish, and take profits; review technical indicators on the market, and look for signals of rebound and retracement; continue to improve and maintain good trading habits. Only by being cautious and steady can you 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 realizing their own value in the coin circle! I hope everyone can achieve financial freedom in 2024! Keep it up!

Ethereum market analysis and operational suggestions for July 24:

Yesterday's Ethereum article mentioned that the 1-hour EAM200 support rebounded long, and took profit from the long position twice. The price also reached the 3540 level as predicted in the circle of friends, but it did not exceed expectations and did not break the previous high. The article also mentioned that attention should be paid to the short position at 3560-3580 without breaking through, but precautions should be taken against the ETF positive news. I did not arrange a short position and emphasized multiple times to wait for a rebound.

From the 1-hour chart, we can see that after three attempts to test the EMA200 support yesterday, the price finally could not hold and broke through the lower Bollinger Band before rebounding to the current top of the EMA80 and EMA60 lines. It can be seen that after the Bollinger Band widened, it is now forming a downward contraction again. The MACD is forming a decreasing volume below the 0 axis, and the DIF is also turning at a low level to form a contraction. It may form a golden cross close to the 0 axis position for the second time, just like yesterday. This time, the position of the golden cross is higher than before, which means that there is further room for upward movement.

In the 4-hour Bollinger Band chart, after the upper band ended its downward trend and remained parallel to the lower band, the early morning market retraced after breaking through the EMA80, and the current candlestick once again hit and stabilized at the middle band and the position of EMA15-EMA10. Therefore, the range of the upper band and the retracement line pressure position should be considered. If it breaks through, it will challenge the previous high and reach the vicinity of 3600, which is also a key position of the top trend line.

In the daily chart, the Bollinger Band continues to form a contraction, with the upper band around 3600 and the lower band close to 3300. The current candlestick closing may continue to be maintained above the middle band, the MACD is shrinking above the 0 axis, and the DIF and DEA are converging, indicating that the bullish performance is weakening.

Taking into account the above indicators, it is possible to consider going short intraday. For long positions at lower levels, consider the multiple support range at the bottom of the 4-hour chart, and replenish at the lower band and EMA120 on the daily chart. Cut loss decisively if it breaks through.

Suggested short positions at 3520-3540, 2%; defend and replenish short positions at 3590-3610, 4%; stop loss at 3630; target at 3520-3470; hold if it breaks through 3460-3440 until the range of 3390-3370.

Suggested long positions at 3370-3350; stop loss at 3330; target at 3420-3470.

For more real-time orders, please follow my public account to get them. You can also learn about market technical analysis and how to get out of a predicament online! There is a delay in article review, and the market is ever-changing, so please set your stop loss and take profit, and take profits when you see them!

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 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 review and publication of the article have a time delay, and the above points are for reference only. Please bear the risk on your own! May we always carry humility and courage in this complex and complicated coin circle, fear no challenges, and dare to explore. Just as the road ahead is long, "the road ahead is long and far-reaching, and 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. May you, under the guidance of Li Hui, listen attentively, play to your strengths, and create value together. May we always remember the baptism of the market, not forget our original intention, and thus achieve lasting success. In the wave of digital currency, holding firm to our beliefs and moving forward courageously with Li Hui, may we jointly compose the future and share the joy of success. Let us gather in the turbulent world of digital currency, make the best use 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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