12.21 Zhang Lihui: Ethereum double bottom signal support, can the market rebound strongly again? Where are the entry opportunities for Ethereum today? #加密市场回调

Yesterday, Lihui's short position target hit the take profit at 3260, and then entered a long position according to the article's points. I didn't expect the 3200 level to be broken again, and the market fell all the way to 3100. Fortunately, the position wasn't heavy, and I captured the 1-hour double bottom signal that appeared, decisively adding to the position and raising the average price to below 3155. Everyone can see that I updated the long signal in my friend circle. As Lihui expected, the market reversed to 3330-3380 and has been building positions in batches for profit holding;

After waiting all night, the market again rose as hoped, breaking through yesterday's opening high and approaching around 3500. Therefore, there is no rush to exit the low long positions; dips can continue to add positions; this wave of double bottom signals on the 1-hour chart is perfectly established, also rebounding with a 400-point range. It truly reflects how it went down, how it comes back up; it can be seen that the current Bollinger Bands on the 1-hour chart are converging, with the K-line at the middle track showing an upward trend, but the upper track has not yet shown an upward signal, and the upper track is under pressure from EMA60 and MA60; MACD above the 0 axis is decreasing in volume, but not very strong, the fast and slow lines also do not give much room for contraction, indicating a relatively strong bullish performance;

On the 4-hour chart, the Bollinger Band channel is closing upward, and it can be clearly seen that the K-line has just formed a double bottom reversal, just touching the MA450 position before rising; to be honest, during the rapid decline yesterday, everyone formed a lot of panic and set targets at 2900, but Lihui did not think so. It was also mentioned that the 3100 level is an important barrier, which can be seen from the linear pressure support in the chart; it was also mentioned in yesterday's article that the low long opportunities would need to wait for the 4-hour fast and slow lines to converge to start. Everyone can compare the time and summarize! It can be seen that the current K-line has just pulled back to the support of the EMA7-EMA10 range and is stabilizing; however, the downward formation of the middle and upper tracks has not yet shown a reversal, so the bearish trend still exists. In the short term, it can look up to the EMA220 and MA220 range resistance with light shorts; however, with the weekend coming, the market may not move too much, and everyone needs to be patient for opportunities,

Beijing time December 21, 9:52 AM editor: It is recommended to lightly long in the range of 3390-3375; reserve below for 3280-3260 to add positions; stop loss below 3250; target at 3450-3520-3580;

It is recommended to lightly short in the range of 3560-3580, stop loss at 3630; target 60-100 points; $ETH