The essence of trading lies in the ability to find opportunities, to plan before acting, and to strategize effectively. This has always been the key to Minghui's success in the market. Many people fail due to chaotic operations, lack of planning, and no strategy. Most losses stem from locking positions, holding onto trades, and not using stop-losses. The root cause is often a lack of skills and ideas, blindly trusting others' trades, following the wrong signals, and having a poor mindset, resulting in small gains and large losses. The saying "think thrice before acting" holds true; only well-considered entry points should be taken. Aggressive points can leave traders in a dilemma, either catching the highest or lowest points, leading to significant price differences. If one is reluctant to take a loss, they can only endure. Stable entry points allow for profitable exits or the option to withdraw.

8.5 Cryptocurrency Market Analysis by Minghui: Ethereum (ETH) Strategy Reference

After a pullback and rebound yesterday, Ethereum broke upwards from evening to early morning, with prices rising strongly as expected. It is currently breaking upwards continuously, with the high reaching around 3730, and an intraday increase of over 200 points. The market is now in a high-level consolidation phase. If the price stabilizes around the 3700 line, further increases are expected.

4-hour level: A long bullish candle recently broke through the 3650 round number, followed by a doji near 3720, indicating intensified short-term bullish-bearish competition. Daily level: On August 4, a long bullish candle broke the previous high of 3537 with increased volume, closing above 3700 for two consecutive days, confirming a bullish trend. MACD: The 4-hour DIF (5.88) has crossed above the zero line, and the daily golden cross continues (158/207), but a top divergence signal has appeared on the 1-hour level (new high of 52.9 but RSI has retreated). EMA: The price is stable above EMA30 (3604) and EMA120 (3532), with the 7-day moving average (3641) showing a 45-degree upward support trend. Overall, bullish sentiment is strong, and after a short-term breakout, the increase has been remarkable, so it is recommended to trade long in line with the trend. Current support levels to watch are 3560-3600.

8.5 Short-term Strategy Reference for Ethereum:

• Suggestion: 3760-3720, stop-loss 30 points, target below 3660.
• Suggestion: 3530-3575, defend at 3300, stop-loss 30 points, target around 3610.

8.5 Short-term Strategy Reference for Bitcoin:

• Suggestion: 115500-116500, defend at 118500, stop-loss 500 points, target below 113300.
• Suggestion: 112000-113000, defend at 109500, stop-loss 500 points, target above 114000.

The points are time-sensitive, and there may be delays in posting, so please refer to real-time market conditions. Again, it is emphasized to manage risk well; no matter how confident you are in your future market predictions, always set your take-profit and stop-loss levels! If you need analysis on other cryptocurrencies, feel free to comment or message privately. Friends who like this content, please give more likes and support. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Cryptocurrency Market Minghui) for details on how to add: the first ten each day can receive free exit strategy advice.

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