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 form a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the crypto circle academicians 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 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!

Bitcoin (BTC)

The current price of Bitcoin is 108,600. It is now 1:30 AM Beijing time. The lowest point before this article was published was 107,255. The market has reached the profit-taking point for the southward movement. Congratulations to the crypto friends who followed along; the bearish trend is not over yet. The main strategy is to pull back to the high point resistance level and continue southward. For the northward movement, we need to wait a bit longer until the main force tests the 0.618 support before considering a gradual northward move, which is the safest approach. The lower Bollinger Band has already broken below 106,000, and the main force has been blocked by the trend resistance level of 109,500 for three consecutive days. The pressure is effective. The four-hour K-line has been consolidating at a low level, and the MACD shows continuous bottom divergence. With the Bollinger Bands contracting, the market is consolidating around 108,500. The short-term trend remains bearish, and the strategy of shorting at high levels is effective. Pay attention to the bottom support levels of 105,400 and the short-term support at 105,900.

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

For the northward trial entry point, it is 106,000 to 105,500. If it breaks, look at 105,000. Stop loss at 500 points, target at 107,000 to 107,500, and if it breaks, look at 108,000.

For the southward trial entry point, it is 109,500 to 110,000. If it breaks, look at 110,500. Stop loss at 500 points, target at 108,500 to 108,000, and if it breaks, look at 107,500.

Ethereum (ETH)

The current price of Ethereum is 4,320. It is now 1:30 AM Beijing time. The highest point before this article was published was 4,490. The main force has provided two opportunities to hit the entry point for the southward movement. No matter which one you caught, you can now take profits. The daily line is still trending downwards, focusing on the EMA30 support at 4,250 and the 786 support at 4,065. The daily line is in a high-level consolidation. As long as 4,000 does not break, the bullish trend remains intact. It can only be said that the short-term has entered a bearish phase, while the larger trend is still bullish. Pay attention to the lower Bollinger Band support at 4,080. The four-hour K-line has been closing with bearish candles, and the MACD has ended its expansion and started to contract. The DIF and DEA have entered a death cross trend. With such a clear bearish trend, do not stubbornly hold onto long positions. For those who have not entered yet, wait for the next opportunity or consider going long after further bottom testing.

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

For the southward trial entry point, it is 4,460 to 4,500, with a defense at 4,540. Stop loss at 50 points, target at 4,400 to 4,350, and if it breaks, look at 4,300 to 4,250.

For the northward trial entry point, it is 4,150 to 4,100, with a defense at 4,050. Stop loss at 50 points, target at 4,200 to 4,250, and if it breaks, look at 4,300 to 4,350.

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 academician and represents the unique views of the academician. 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 heavy or full positions. The academician 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; 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 academician wishes you happy investing!

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