5.31 Zhang Lihui: Bitcoin has fallen below the daily lower track as expected. Can the overlapping EMA30 and MA30 lines provide support? Is Ethereum following closely behind, breaking below 2400? Today's latest (E

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2 days ago

Zhang Lihui edited on May 31 at 0:50 Beijing time: Today's Ethereum market analysis and trading suggestions:

Yesterday, Lihui's layout for the Ethereum short position at 2710 did not provide an entry opportunity, overestimating the rebound strength. However, the bearish outlook was correct, and the market approached the third target position of 2555 mentioned in the article; the intraday market has also entered a weekend consolidation mode early, continuously oscillating downward along the 1-hour midline after the afternoon session. The current candlestick has broken below yesterday's low point, and the fast and slow lines at the current level continue to diverge downward after failing to converge at a low position, indicating the bears' intention to extend!

The 4-hour Bollinger Bands are trending downward. Yesterday, the candlestick continued to oscillate downward after being pressured at the midline during the rebound. The current candlestick has broken below the dual support nodes of EMA80 and MA120 as expected. As the lower band continues to move downward towards the EMA120 position mentioned by Lihui yesterday, this can serve as a target point for the bears. If the parallel support level of 2465 is lost, it may also drop to the EMA180 position, which is near the 2400 level; Lihui has repeatedly mentioned that it is impossible not to short with a death cross at a high position on the 4-hour chart; it is only a matter of time. The market has just played a trick on everyone with a high surge. Internal fans can see that Lihui's recent thinking has been focused on laying out shorts, especially for Bitcoin! For Ethereum's current market, we can only wait for a short-term rebound to lay out short positions. There is no need to chase the rapidly rising and falling market; continue to pay attention to the entry around the 4-hour midline and EMA30 range.

Today's suggested short entry point: light short in the 2600-2640 range; stop loss at 2690, target at 2560-2480; if it breaks below 2470-2450, you can continue to hold.

For long positions, pay attention to whether Bitcoin can form a rebound at the key support level before looking for entry opportunities. Specific operations can be consulted with Lihui based on real-time market changes! You can follow Lihui for real-time updates!

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. The suggested points in the article are for reference only; do not operate with heavy positions. Please 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 U.S., I conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. For those who are not familiar with trading, feel free to leave comments!

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This article is exclusively published by (WeChat public account: Zhang Lihui) and does not represent any official position. The publication review has a delay; the above points are for reference only, and risks are borne by the reader! May we always carry humility and courage in this complex cryptocurrency world, fearlessly face challenges, and dare to explore. Just as one travels thousands of miles, "The road is long and has no end; I will search up and down." May we read thousands of books, keep pace with the times, and draw from the fountain of wisdom. Travel thousands of miles, experience wind and rain, witness the scenery, and gain insights into life. May you, under Lihui's guidance, learn from each other, leverage strengths, and create value together. May we always remember the baptism of the market, stay true to our original intentions, and achieve our goals. In this wave of digital currency, hold on to faith with Lihui, be resilient, and move forward bravely. May we write a glorious future together, sharing the joy of success. Let us gather in the turbulent world of digital currency, not waste our youth, and create brilliance together. Lihui wishes to embark on this investment journey full of challenges and opportunities with you.

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