11.8 Zhang Lihui: Understanding the king's victory continues to be beneficial, Bitcoin and Ethereum are alternating in rising, how should we layout the entry opportunities? Today's latest Ethereum (ETH) market analysis reference! #BTC创历史新高 #ETH🔥🔥🔥🔥 #ETH🔥🔥🔥🔥🔥🔥 #BTC☀
Yesterday, Lihui mentioned in an early morning post that Ethereum would make up for the rise, and the market has gone as expected, directly breaking through 2770 without surprises. The second largest has been holding back for so long and it’s time to perform well; so the current big situation is that the bulls are rapid, and no one can accurately predict the target, let alone blindly guess the top or chase the rise and kill the fall; Bitcoin and Ethereum have formed an alternating rising situation. So everyone should know that Sun has over 200 million in spot above 3000, this big shark has always been watched by the main force, so this level can be seen as a short-term pullback pressure point from last night;
From the daily technical pattern, the K-line has risen to the MA180 position, the Bollinger Bands continue to open, and the lower band has not moved up, indicating that there is space below, and everyone should not doubt this. Currently, there are MA200 and MA300 crossover suppression points above the K-line, and once broken, we will see the high point around 3200 on August 2nd, that’s right, it’s just a matter of a few days! Therefore, the current support below considers MA380 and MA120 positions; but Lihui believes that the market should make a big pullback when hitting 3000-3030, to test the bottom and then continue to push up, maintaining until the end of January. If it can directly pull back first, low long layout must be the most stable; of course, all this is just Lihui's personal understanding. Although the bulls are very strong now, it is not recommended to blindly chase high positions. A steady approach of low long layout during pullbacks is the most suitable, and of course, one can also choose to short at the MA200 and MA300 crossover pressure points, with stop-losses that must be kept close. Everyone must not neglect this! I hope everyone understands the principle of small losses for big space!
Beijing time, November 8, 10:36 AM edited: It is recommended to lightly long in the 2800-2830 range with a stop-loss at 2750; target looking at 2880-2940-2990, breaking through 3000-3030 can continue to hold,
consider lightly shorting at 2970-3020; stop-loss at 3050; target 2940-2830, breaking below 2820-2800 can continue to hold; the above entry opportunities need to be combined with real-time market changes before entering the layout, specific operations are subject to Lihui's real-time notifications!
