7.5 Zhang Lihui: Is it too early to buy the bottom of Ethereum? The space below has not been exhausted. Where is the opportunity to enter the market from the high altitude today? The latest (ETH) market analysis and operation reference! #BTC走势分析 $BTC #非农就业数据即将公布
7.5 Ethereum market analysis and operation suggestions:
Yesterday, Bitcoin fell again under the influence of news. As predicted, the daily EMA200 (58100-58600) was reached, but the price of the currency still fell below 57,000, close to the low point on May 1; it can be clearly seen from the daily chart that the large M pattern has been formed, and it has also ushered in an important turning point. The current currency price continues to close the lower shadow line, and the currency price also stands back to the EMA200 position. The short-term moving average indicator is still falling. The operation idea is still to rebound and empty. You can pay attention to the second bottoming out below and then arrange long orders!
Today, the most talked about currency friends is that Ethereum has fallen so much? Can it be bought at the bottom? Li Hui reiterated that there is no bottom fishing in the bull market, and it is too early to say that Ethereum is bottom fishing at present. Compared with the daily chart of Bitcoin, the M pattern has not been completely completed, the top EMA30 has not yet gone below EMA60, and EMA10-EMA30 continues to move downward close to EMA120. The last round of rebound was also concentrated at EMA120, which means that there is still some space below. Don’t just look at the rebound effect of the current EMA200 support. You can also refer to the short-term indicator to reach EMA120 before entering the market!
It is recommended to arrange short positions in the daily line callback to the EMA150 position (3220-3240), with a target of 3155-3115. If it breaks through the 3100-3070 range, it can continue to hold to the 3000 mark. It is not recommended to chase short positions at the current position. Li Hui generally does not take you to do things with greater risks than benefits!
There is a delay in article review, and the market is changing rapidly. Please take profit and stop loss, and stop when you see good! For more real-time orders every day, you can follow my name on the official account, learn online trading techniques, and get out of the market!
I, Li Hui, interpret the world economic news and analyze the global currency trends. During my further studies in the United States, I have conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL and other currencies. For those who don’t know how to operate, please leave comments!