2.22 Zhang Lihui: Ethereum Market Analysis and Trading Suggestions:
After two days of hard work, Ethereum's price was pulled down by a single needle. The price barely touched the high point near the 17th, and once again formed a significant pullback. After Bybit encountered a hacker attack in the evening, both Bitcoin and Ethereum experienced a substantial decline, making it easy to go short! For Ethereum, going short is indeed not surprising; everyone knows that when it drops, it drops hard!
From a technical perspective, Lihui also saw updates in my friend circle, which just happened to be at the daily line's retracement pressure and the triple pressure of EMA30 and the high point on the 17th. The article on the 20th also mentioned this position, stating that even if wrong, one should still test the position, and here we are with the drop; it can be seen that the current daily K-line has retreated from near the EMA30 position to the lower band position. The Bollinger Bands are also showing a contraction pattern again, so the upper high point pressure continues to look at yesterday's high, while the lower side should first see if the lower band can hold up to the low point on the 18th. Plus, as we approach the weekend, the market may not unexpectedly move into a consolidation phase again, so the strategy can involve some range trading, with everyone understanding the concept of buying high and selling low!
Today's Lihui Trading Suggestions:
As of February 22, 1:52 AM Beijing time: It is recommended to go long lightly in the 2655-2620 range, with a stop loss below 2600 and targets at 2730-2785-2820; for short positions, it is suggested to short above 2820, with the stop loss still placed above the previous high, and take profit at 2760-2700-2650;
There may be delays in article review and push notifications, and the market changes rapidly. 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 set stop-loss and take-profit levels when entering, and take profits when available!
I, Lihui, interpret global economic news and analyze major trends in the cryptocurrency world. 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!
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This article is exclusively published by (WeChat Official Account: Zhang Lihui) and is for reference only; risks are to be 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 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 strengths and avoid weaknesses, create value, and remember the market's baptism, 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 in this investment journey full of challenges and opportunities!
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