The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the crypto circle scholars may not make you rich overnight, they can help you stay in the game. Only those who survive in the crypto space for the long term and persist until the end can achieve the results they desire. I hope you understand this.

Don't forget, the darkest moments are often just before dawn. On the road to pursuing your dreams, you are never alone; you have me.

I am a scholar in the crypto space, a warrior who has always protected the retail investors. I wish my fans financial freedom by 2025. Let's work hard together!

Crypto Circle Scholar: Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 117,800. It is now 1:30 AM Beijing time. The highest point before this article was published is 118,575. Our entry point yesterday was 118,500, which you can refer to. The upper resistance level has not been broken, and the downward movement is effective. There is another opportunity to enter on the third wave down. There is significant resistance on the daily K-line, and the MACD has expanded, ending with the DIF and DEA forming a death cross. The K-line is preparing to retest the support of the middle Bollinger Band at 117,000, which you can pay attention to. If it breaks, it will continue to explore down to 112,000. The four-hour K-line has already shown a short-term downward trend. The MACD's expansion has decreased, and the DIF and DEA are contracting below the zero line. The Bollinger Band is also contracting, and the K-line has broken below the middle Bollinger Band. The overall trend has entered a bearish phase. In the short term, the strategy is to follow the trend and focus on short positions until it reaches support, after which we can consider whether to go long.

Short-term reference: The goal is to minimize losses and maximize gains.

For upward movement: 113,000 to 112,500, with a stop-loss at 112,000, risking 500 points. The target is 114,500 to 115,000, with a breakout target of 115,500 to 116,000.

For downward movement: 118,500 to 119,000, with a stop-loss at 119,500, risking 500 points. The target is 117,500 to 117,000, with a breakout target of 116,500 to 116,000.

Crypto Circle Scholar: Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 4,525. It is now 1:30 AM Beijing time. The highest point on the daily K-line is 4,574. Our entry point for the downward movement is 4,550, which has been reached. You can refer to the content from the past few days to compare with the overall market. The daily K-line has not yet retested the downward trend support at 4,230, making it difficult to see significant upward movement before that. Additionally, the bulls lack volume, and the main selling amount is too large for the market to digest quickly. The four-hour K-line has formed significant resistance near 4,550. The MACD is showing reduced volume in the upward movement, and the DIF and DEA are facing resistance at the upward golden cross. The four-hour line has reached above the middle Bollinger Band at 4,495. Pay attention to the middle band support; if it breaks, enter short. If it holds the support, it will continue to oscillate around 4,550 for accumulation. The short-term strategy remains bearish, and the bulls should wait until the market's positions are fully digested before considering entry.

Short-term reference: Always set stop-losses; safety first.

For downward trial positions: 4,500 to 4,550, with a stop-loss at 4,600, risking 40 points. The target is 4,450 to 4,400, with a breakout target of 4,350 to 4,300.

For upward trial positions: 4,200 to 4,150, with a stop-loss at 4,100, risking 40 points. The target is 4,300 to 4,350, with a breakout target of 4,400 to 4,450.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication; the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the Crypto Circle Scholar and represents the scholar's unique perspective. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid over-leveraging or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market; when a trend arises, respond and follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. The way of heaven rewards diligence, the way of the earth rewards goodness, the way of humanity rewards sincerity, the way of business rewards trust, the way of industry rewards excellence, and the way of art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Crypto Circle Scholar wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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