12.10 Zhang Lihui: Will the rebound after the breakdown of the needle happen again? Whether the daily death cross of Ethereum forms is particularly crucial. How to avoid the risks of going long?

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12 days ago

12.10 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:

Last night, the entry point for the short position on Bitcoin did not get hit, and as Lihui mentioned, the market experienced a second divergence, breaking down past the 98,000 mark to reach the target of 97,100. In the early morning, it directly broke below the 4-hour EMA80 line, piercing down to 94,200. Lihui had predicted the arrival of the bears, but did not expect it to come so quickly, which is quite terrifying; fortunately, there was a reminder not to chase longs above, and it was indeed confirmed again! A long position was also suggested at the 94,500 level. Why this level? Everyone can see that it just happens to be the lower boundary of the daily line, and those who placed orders can now take a profit of 2,500 points.

In the 1-hour chart of Ethereum, the fast and slow lines may also show a second divergence, similar to what Lihui said about Bitcoin. The market retraced over 400 points in the early morning, giving hope to those trapped in short positions; although the current market has formed a particularly long lower shadow, the fast and slow lines have not yet converged, and the volume has not shown a significant contraction, indicating that the bearish trend may continue to spread further.

In the 4-hour chart, the Bollinger Bands are opening up, and the short-term indicators favor the bears. The evening candlestick has dipped below the EMA180 level, and the current contraction is approaching the EMA80 level. The upper pressure is considered at the EMA30 and the middle band, which can serve as a point for high short positions. In the MACD, the fast and slow lines have crossed and are continuing to diverge, with volume below the zero axis not converging, indicating that the bearish trend still exists, and the main strategy should be to short on rebounds.

On the daily chart, the overall upward channel of the Bollinger Bands has not changed. The upper band is starting to turn down, but the lower band and EMA30 are still in an upward posture. The early morning candlestick just pierced into the EMA30 and lower band range. In the MACD, the fast and slow lines are converging quickly, currently hovering on the edge of forming a pattern. The short-term indicators are turning down, and attention should be paid to the middle band and EMA7 range for resistance, while the support below is still focused on the EMA30 and lower band range.

In summary, Lihui believes that there may be continuous pullbacks this week, and it is advisable to primarily enter short positions at higher levels, paying attention to changes in daily patterns for entry!

Beijing time December 10, 5:58 AM editor: It is suggested to try shorting above 3,830, add positions above 3,900, with a stop loss of 30 points; target looking at 3,740-3,630, if it breaks below the 3,600 mark again, it can continue to hold positions below 3,500;

For long positions, attention should be paid to entering in the 3,450-3,480 range, and specific entry opportunities can be based on Lihui's real-time notifications!

There may be delays in article review and push notifications, and the market changes rapidly. Specific entry opportunities must be combined with real-time operations, with real-time notifications as the standard. The suggested points in the article are for reference only; do not operate with heavy positions. Please set stop-loss and take-profit levels when entering, and take profits when they are good!

I, Lihui, interpret world economic news and analyze the major trends in the global cryptocurrency market. 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 not familiar with trading!

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 market, unafraid of challenges, and willing to explore. Just as "the road is long and has no end, I will search up and down," 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 your strengths and avoid weaknesses, create value, and remember the baptism of the market, staying true to your original intention. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and jointly 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!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully, and thank you for reading.

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