12.10 Zhang Lihui: Will the rebound after the needle removal happen again? Whether the death cross of Ethereum's daily chart forms is particularly crucial; how to avoid the risks of going long? #ETH🔥🔥🔥🔥🔥🔥
The short position entry point for Bitcoin given last night was not reached, and as Lihui said, the second divergence led to a breakdown below the 98000 mark, reaching the target of 97100, and in the early morning, it directly broke below the 4-hour EMA80 line, hitting below 94200. Lihui predicted the arrival of bears but did not expect it to come so quickly, it was terrifying; fortunately, there was a reminder not to chase long positions above, which was indeed confirmed again! A long position was also given at 94500; why this position? Everyone can see this is just the lower boundary of the daily line, and for those who have pending orders, they can now take a profit of 2500 points;
In the 1-hour chart of Ethereum, the fast and slow lines may have a second divergence, just like Lihui mentioned for Bitcoin. The market retraced over 400 points in the early morning, giving hope to the short positions that were trapped again; although the current market has formed a particularly long lower shadow, the fast and slow lines have not closed, and the volume has not significantly contracted, indicating that the bears may continue to spread further;
In the 4-hour chart, the Bollinger Bands are opening, and the short-term indicators favor the bears. The evening candlestick dipped below the EMA180 position, and currently, it is close to the EMA80 position. The upper pressure should consider the EMA30 and the middle track position, which can serve as a high short trial entry point; the MACD's fast and slow lines are expanding with the death cross continuing, and the volume below the 0 axis has not converged, indicating that the bears still exist, and the rebound shorts should be the main focus;
On the daily chart, the overall upward channel of the Bollinger Bands has not changed, with the upper band starting to decline, but the lower band and EMA30 have not changed their upward posture. The early morning candlestick just dipped into the EMA30 and lower band range; the MACD's fast and slow lines are closing quickly, currently hovering on the edge of forming or not, with short-term indicators turning downwards, focusing on the pressure of the middle track and EMA7 range, while the lower support still looks at the EMA30 and lower band range;
In summary, Lihui believes there may be continuous pullbacks this week, so try to mainly enter with high shorts, and monitor the changes in daily patterns for entry!
Beijing time December 10, 5:58 AM edited: It is recommended to try shorting above 3830, add positions above 3900, and set a stop loss of 30 points; target looking at 3740-3630, if it breaks below 3600 again, it can continue to hold positions below 3500;
Long positions should focus on entering the range of 3450-3480, and specific entry opportunities can be based on Lihui's real-time notifications!