Crypto Circle Li Ying: The pinning at 12.7 Ethereum was unsuccessful, but left a gold mine! Mysterious pullback path! Latest market analysis

Article Publication Time: 2024.12.7—17:30

Current Ethereum Price: 3993, is everyone still here? Li Ying's strategy of 3300 and 3550 has not exited, and is still on board, only gradually leaving the market, with very little bottom position remaining. Yesterday morning's pinning was originally thought to reach 3500 to make up for the reduced positions, but unfortunately, the main force was unhelpful, and the pinning stopped at 3600. For two consecutive months, the pullback to go long strategy has a very high win rate, with a multiplier of 3687%, from 2400 all the way to 4000, continuously pulling back to go long as the main line strategy. Although there were a few short positions that hit stop losses in between, Li Ying has always adhered to the strategy of following the trend, and this wave of bullish trend has not yet ended, so Li Ying remains firmly bullish and follows the main force.

Looking at the current price trend, Li Ying finds that the current K-line pattern is fluctuating around 4000, forming a short-term consolidation range. On the 6th, a K-line with a long upper shadow appeared, indicating strong resistance above. The technical indicators MACD's current DIF and DEA are both positive and continue to rise, with the MACD histogram showing a bullish trend, but with signs of weakening, indicating the possibility of a pullback. It may be wise to wait for a pullback support before continuing to go long.

The Relative Strength Index (RSI) is above 60, nearing the overbought area, indicating market sentiment is optimistic, but caution is needed for pullback risks. The trend indicators EMA7, EMA30, and EMA120 are all in a bullish arrangement, suggesting that the medium to long-term trend remains positive. In the short term, it may test the EMA7 support, which everyone should pay attention to. Additionally, the trading volume on the 6th significantly increased, accompanied by price surges and pullbacks, indicating intensified divergence between bulls and bears. Subsequently, the trading volume of several K-lines gradually shrank, and the market entered a wait-and-see state. Therefore, wait until the observation ends and the pullback support is confirmed before entering the market, primarily focusing on long positions, with short positions as a supplement.

Short-term strategy reference:

Long entry point 3900, stop loss 3850, stop loss point 3800, target 4100

Short entry point 4100, stop loss 4150, stop loss point 4200, target 3900

The above is Li Ying's brief analysis of the current market conditions for the reference of investors.