12.19 Zhang Lihui: Bears Achieve Their Goals, Will the Target Continue to Look Down? Where Are the Entry Opportunities for Ethereum Today? #ETH🔥🔥🔥🔥
This week's market has been truly exciting, achieving another significant victory! The short positions set by Lihui at 4020-4050 perfectly captured a space of 270-300 points; the major cryptocurrency's short position at 107300 even gained 6300 points; the market once again validates Lihui's operational strategy, maintaining high entry points, taking profits in batches, and successfully exchanging small losses for larger spaces! Many coin friends have also achieved weekly turnovers! It's really thrilling!
Looking at the major cryptocurrency, there was a significant pullback this week, dropping from 108000 to the 100000 level, while Ethereum retreated from 4100 to 3650, with a decline beyond expectations. Indeed, the previous stretch of the major cryptocurrency was ultimately for unloading; Continuing with Ethereum, Lihui has also mentioned multiple times that breaking the 4-hour EMA120, which corresponds to the 3820-3800 level, would retreat to the MA180, which is below the 3650 position. It turned out to be correct; the market indeed seizes the opportunity to dump, and Lihui still feels that the will to act on Ethereum was not strong enough, as many took profits at 3750, missing out on a hundred points of space, which is a bit regrettable! It can be seen that the current market has just pulled back to the 4-hour EMA180 position, so the next support range will continue to look at EMA180-EMA220; the upper pressure will be at the EMA120 position, but below the zero axis, the strong volume continues to manifest, and the death cross is still opening, suggesting that the bears may extend further; the approach can continue to wait for short-term rebounds to pressure and short as the main strategy!
On the daily level, the Bollinger Bands are trending downwards, and the candlestick has just retreated to the crossover position of EMA30 and MA30, with the lower band continuing down after crossing MA30 yesterday; strong volume below the zero axis in MACD, with the fast and slow lines continuing to widen their gap; Lihui believes that the bears may further extend, but after such a drop, there should be a rebound, so reserving enough space for replenishment while lightly holding is still feasible;
Edited at 6:20 AM Beijing Time on December 19: It is recommended to lightly buy below 3690; reserve 3570 for replenishment, with a stop loss at 3550; the target continues to look at 3740-3770 first, and if it breaks through the 3780-3800 range, it can hold until the 3850 position;
Short positions can focus on the 3780-3800 range for entry under pressure, reserving the 4-hour middle track position for replenishment above, targeting 3720-3660; if it breaks through 3650-3630, it can hold until the 3570 position;