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 world for the long term and persist until the end can achieve the results they desire. I hope you understand.

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

I am a warrior in the crypto circle, always protecting 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 116,000. It is now 1:30 AM Beijing time. The highest point before this article was published was 117,550. Yesterday, I mentioned entering the market south at 118,500. Today's market is relatively simple because it has already fallen below 116,000 and continues to hold. If it retraces without breaking 118,500, continue to hold. The daily chart clearly shows that the bearish momentum is not over. MACD is decreasing in volume, and the death cross of DIF and DEA, along with the K-line breaking below the Bollinger Band's middle track at 116,800, indicates that the lower track is still at 112,000. The four-hour K-line has shown a rebound, but the momentum is weak, and resistance is evident. The entry point for the south today is around 117,000, with a stop loss at 118,500. Overall, the trend continues to be bearish without any positive support, focusing on shorting at high levels and buying at low levels as a supplement.

Short-term reference: Small losses and big gains are the goal.

For the northbound, from 113,000 to 112,500, with a defense at 112,000, stop loss at 500 points, and a target of 114,500 to 115,000. If broken, look at 115,500 to 116,000.

For the southbound, from 117,000 to 117,500, with a defense at 118,000, stop loss at 500 points, and a target of 116,000 to 115,500. If broken, look at 115,000 to 114,500.

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

The current price of Ethereum is 4,433.5. It is now 1:30 AM Beijing time. The highest point of the daily K-line for Ethereum is 4,480. Yesterday's strategy was to go south at 4,550, and both previous positions of 4,750 south were hit. Now looking at today's high point, the daily K-line is pushing down towards the Fibonacci support line at 4,065, which has not yet been reached. The bearish trading volume is increasing, and the K-line has a high probability of retracing to the middle track support at 4,055 after falling from the upper track of the Bollinger Band. The support of the rising channel on the four-hour K-line is also around 4,050. The overlapping point of multiple trend supports, commonly known as the trend turning point, should not be broken for the bullish trend to continue; if it breaks, it will lead to a significant bearish trend. In the short term, the resistance level above the four-hour chart is evident, with MACD continuously decreasing in volume and the Bollinger Band tilting downwards. Pay attention to the middle track resistance point at 4,410. The short-term indicators suggest focusing on shorting at highs and waiting for the bottom trend support to decide on buying low.

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

For the southbound trial point, from 4,400 to 4,450, with a defense at 4,500, stop loss at 40 points, and a target of 4,350 to 4,300. If broken, look at 4,250 to 4,200.

For the northbound trial point, from 4,200 to 4,150, with a defense at 4,100, stop loss at 40 points, and a target of 4,300 to 4,350. If broken, look at 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 viewpoint. 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 viewpoints 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 heavy 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 comes, respond to it 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. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and 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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