1.16 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
With the positive CPI news last night and the rise of the US stock market, Ethereum stabilized at the 3200 mark and once again surged towards the 3472 position. The peng friend circle also updated that Bitcoin at the 97000 position would show two significant trends. The previous retracement linear pressure is above the 100,000 mark, and as Lihui predicted, it went straight up; Lihui has been holding long positions set up below 3050, but unfortunately, Ethereum is still not performing well, and this wave of rising momentum has not kept pace. I hope that with the upcoming inauguration of the understanding king, we can surge again. It would be enough to profit from this wave before the year ends!
Looking at the current 1-hour K-line, after reaching the 3472 position, it has formed a retracement again. From the strength of the retracement, the downward movement is still very slow. If the retracement is slow, then the support below can be seen at the middle track and the EMA15 and MA300, MA380, MA500 three-line overlapping support positions; the defense can be set at the lower track and EMA300 range; the MACD is reducing in volume above the 0 axis, and the fast and slow lines are also converging, indicating that there is still a need for a downward retracement; therefore, the strategy is still to wait for a low entry for long positions!
In the 4-hour chart, the Bollinger Bands are also opening upwards. After the K-line impacts above the EMA30, it is currently forming a retracement. The support below can consider the EMA120 and EMA300 positions, while the upper consideration is at the MA380 and MA220 positions. If Bitcoin makes a second surge today, this position will definitely not hold. After breaking, the next target will look towards the MA300 position, which is around 3570; the MACD is showing strong volume above the 0 axis, and the golden cross is continuing to expand upwards, indicating a strong overall bullish trend, which goes without saying!
At 7:18 AM Beijing time on January 16, the editor suggests taking light long positions in the 3390-3355 range; stop loss below 3300; short-term targets look at 3440-3510-3570 for profit-taking, and for long-term positions, if it breaks above 3600, we will see if the daily upper track can rise and if the golden cross forms above the 0 axis to start increasing volume before considering holding; short positions are not recommended for now! Specific trading opportunities can be consulted with Lihui based on real-time changes!
There may be delays in article review and push notifications; the market changes rapidly, and specific entry opportunities must be combined with real-time operations, with real-time notifications as the standard. The suggested points in the article are for reference only; do not operate with heavy positions. Please ensure to set take profit and stop loss when entering, and take profits when favorable!
I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the US, I conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. I welcome comments and messages from those who are not familiar with trading!
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This article is exclusively published by (WeChat public account: Zhang Lihui) and is for reference only; risks are borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges, and willing to explore. Just as "the road is long and has no ending, yet I will search high and low," 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 strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intention. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and jointly compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance in this investment journey full of challenges and opportunities!
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