Zhang Lihui, edited at 2:28 AM Beijing time on September 1: Bitcoin market analysis and trading suggestions:
The Bollinger Bands for Ethereum on the 1-hour chart continue to narrow. After a rebound yesterday, the market formed a rising flag pattern. The market remained in a high-level consolidation pattern, with the K-line consistently climbing along the EMA15 moving average, gradually raising both the highs and lows. In the short term, the bulls are clearly dominant. Although the fast and slow lines have shown a bearish crossover, the bearish strength is weak, and there is a possibility of a short squeeze. The KDJ and RSI are in a neutral zone trending upwards, indicating that short-term bullish momentum may further develop.
On the 4-hour chart, the Bollinger Bands are trending upwards, with the middle and upper bands showing a continued upward posture. After the fast and slow lines formed a golden cross, they continue to rise towards the 0-axis position. There is hope for continued incremental success above the 0-axis, but the KDJ shows overbought signals, indicating some pullback risk. It is advised to be rational when chasing long positions!
On the daily chart, the three lines of the Bollinger Bands are converging. The middle band can serve as short-term resistance, and if it breaks, short positions should exit decisively. The lower band and EMA30 can serve as short-term support points for long positions. There is a probability of a bullish close on the daily chart. After the fast and slow lines formed a bearish crossover, they are closing for the first time, with volume weakening below the 0-axis. The KDJ and RSI show the three lines turning upwards from the bottom, suggesting that short positions should be taken with caution. The middle and lower bands on the daily chart can serve as key points!
Today's suggested short entry point for Ethereum: light short above 4550, stop loss at 4630; target 4470-4420; if it breaks 4400, you can continue to hold.
Today's suggested long entry point for Ethereum: light long below 4340; stop loss at 50 points; target 4425-4480-4530, if it breaks 4540-4560, you can continue to hold; specific entry opportunities for long positions can be followed with real-time updates from Lihui!
There may be delays in article review and push notifications; the market changes rapidly. Specific entry opportunities must be combined with real-time operations, and the article's suggested points are for reference only. Do not operate with heavy positions; please set take-profit and stop-loss levels when entering, and take profits when favorable!
I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. I welcome comments and messages from those who are not familiar with trading!
This article is exclusively published by (WeChat public account: Zhang Lihui) for reference only, and the risk is borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges and willing to explore. As the saying goes, "The road ahead is long and has no ending; yet high and low I'll search with my will unbending." I hope we keep pace with the times, absorb wisdom, travel thousands of miles, weather storms, and gain insights into life.
May you, under Lihui's guidance, leverage your strengths and avoid weaknesses, create value, and remember the market's trials, staying true to your original intentions. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and together compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance on this investment journey filled with challenges and opportunities!
Warm reminder: The above content is solely created by the author on the public account. Advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully, and thank you for reading.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
