The essence of trading lies in the ability to find opportunities, to plan before acting, and to strategize effectively. This has been the key to Minghui's consistent 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 losing trades, and not using stop-loss orders. The root cause is often a lack of skills and ideas, blindly trusting others' trades, following the wrong signals, and having a poor mindset, leading to 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, with significant price differences. If one is reluctant to take a loss, they can only hold on. Stable entry points allow for profit-taking or exiting the market.

8.6 Minghui in the Crypto Circle: Ethereum (ETH) Market Strategy Analysis Reference

Ethereum faced pressure during the day, resulting in a pullback. The subsequent price was influenced by Bitcoin, breaking below the 3600 support level. Currently, it has touched around 3540 and is showing a rebound, with prices operating in the 3580 area. Although the market has seen a nearly 100-point decline, the upward trend has not changed. If it stabilizes after a pullback, there is a possibility of a rebound above 3600.

On the short-term hourly chart, the Bollinger Bands are narrowing. The 4-hour chart shows consecutive bearish candles in a pullback. The latest candlestick tested the 3570 support with a slight rebound, forming a local double bottom structure in the short term. On the daily chart, after a long bullish candle broke through on August 4, there have been two consecutive days of pullback. The current price remains above the EMA120 (3538), maintaining an overall upward channel. MACD: On the 4-hour chart, the DIF (0.69) crosses below the DEA (-6.53), but the histogram has shrunk to 14.46, while the daily chart maintains a golden cross (136/192). EMA: The price has fallen below the 4-hour EMA7 (3601) but remains above the EMA30 (3600). The daily EMA7 (3607) and EMA30 (3424) indicate that the price is retreating in the mid-band area. However, the key support has not been broken, and it is currently in a rebound phase entering consolidation. The mid-band pressure is slowly rising, and there is still room for price to rebound, with the trend unchanged. However, the short-term momentum is relatively weak, so we will focus on stable pullback long positions, with rebound short positions as a supplement. The upper resistance to watch is 3630, and the lower support levels are 3500 and 3540.

8.6 Short-term Strategy Reference for Ethereum:

• Long suggestion: 3660-3720, stop loss 30 points, target below 3600.
• Short suggestion: 3535-3475, defend at 3300, stop loss 30 points, target around 3610.

8.6 Short-term Strategy Reference for Bitcoin:

• Long suggestion: 114500-114500, defend at 117500, stop loss 500 points, target below 113300.
• Short 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; regardless of how confident you are in your future market predictions, always set your take profit and stop loss! If you need analysis on other cryptocurrencies, feel free to comment privately. Friends who like this can support with likes. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Minghui in the Crypto Circle) for the addition method: the first ten each day can receive free exit strategy provision.

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