11.7 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
As expected by Lihui, Trump's election was not surprising! In the recent short-term downward trend, Lihui has consistently emphasized entering the market with low long positions and has repeatedly pointed out that the pullback before the election is a tactic. Those who understand know this, so why are there still so many crypto friends trapped? Lihui truly feels regret; you can refer to Lihui's recent articles for layout ideas, especially in yesterday's article where it was mentioned that after breaking the 2-day high, Bitcoin long positions could be reduced and held while waiting for a breakthrough of the 1-day high of 71600. Indeed, the market did not hold back and directly broke the previous high, soaring above 75000, which was quite a feast; additionally, Lihui's article yesterday also provided a long position layout for Ethereum in the 2460-2430 range. With Bitcoin's pull, it broke through 2590-2600 as expected, reaching the anticipated target of around 2650, achieving a precise entry and gaining over 180 points; however, it is regrettable that Ethereum still did not directly break the daily MA120 position, which is the 30-day high. But everyone should not be anxious; do not be misled by Ethereum's currently weak rebound. If it truly erupts, it will be terrifying! So how should we layout under such circumstances? Please see the analysis below:
First, of course, we need to continue to pay attention to news from Trump, including the official voting announcement from the House of Representatives and Trump's speech upon taking office again, including the formal assumption of office at the end of January. Therefore, Bitcoin at 75450 is definitely not the end; so everyone should still be grounded and try not to short frequently, focusing more on low long positions! Lihui believes that Ethereum generally lags behind and will enter a phase of catch-up!
In terms of technical indicators, we can see that the 4-hour Bollinger Bands continue to open upwards, with MA7 breaking above the MA120 line. Short-term pullbacks here can serve as a point for adding positions; MA10, MA15, and MA30 are all actively rising, including MA60 and MA120 as well. The bullish trend is gearing up, with the MACD volume peak reaching 60, and it is expected to rise further. The DIF and DEA are continuing to open with a low-level golden cross;
On the daily level, the Bollinger Bands continue to open, with the upper band successfully surpassing the MA120 mentioned yesterday. The current K-line is striving to approach this position. As mentioned yesterday, as long as the daily K-line breaks the MA15-120 moving average resistance, it will reach the MA120 position; it is just a matter of time. The MACD is strongly contracting below the 0 axis, and the DIF and DEA are about to form a closing pattern. We still expect the golden cross to form a bullish trend, albeit late, but it will arrive. Lihui has always believed that Ethereum's current price is relatively low, and the upper space is still very promising. It may just need a substantial positive factor to push it forward more forcefully. Everyone should stay tuned and watch for explosive opportunities. Of course, this is Lihui's personal view; trading should still be approached with a calm mindset. Regardless of how favorable the trend is, managing stop losses to ensure capital safety is key!
At 2:01 AM Beijing time on November 7, the editor suggests a light long position in the 2615-2590 range on pullbacks, reserving a lower range of 2540-2505 for adding positions, with a stop loss at 2490; the target is set at 2660-2710. If it breaks above 2715-2725, you can continue to hold until the 2750 position, then pay attention to whether the 21-day high of 2770 can be effectively broken before considering entering short positions. Opportunities for short positions should be combined with real-time market changes for layout, and specific operations should be based on Lihui's real-time notifications!
There may be delays in article review and push notifications; the market changes rapidly, and specific entry opportunities must be combined with actual trading operations, based on real-time notifications. The suggested points in the article are for reference only; do not operate with heavy positions. Please ensure to set take-profit and stop-loss levels 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 BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. I welcome comments and messages from those who are unsure about trading!
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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. Just as "The road is long and has no ending; I will search high and low," I hope we keep pace with the times, absorb wisdom, travel thousands of miles, experience storms, and gain insights into life.
May you, under Lihui's guidance, leverage strengths and avoid weaknesses, create value, and remember the market's baptism, 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!
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