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 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 115,300. It is now 1 AM Beijing time. Before this article was published, Bitcoin's daily K-line reached a high of 116,330. After entering the market, the defense point has been established. Manage your risks well; if the main force breaks the previous high again, consider stopping losses and exiting. Before that, hold on with peace of mind. First, observe the 0.382 support at 114,500. The daily level has already broken the upper Bollinger Band at 115,400. Friends looking to go long can pay attention to the first support at 114,500. For the four-hour K-line, watch the previous high of 117,430 as a rounded top resistance level, which can serve as a reference for a new trial position. The MACD top divergence has formed, and there is a high probability that the main force will make another push. Friends who want to enter the market but haven't yet can consider entering above 117,000.

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

For the upward trial position, 114,000 to 113,500, with a defense at 113,000, stop loss at 500 points, and a target of 115,000 to 115,500, with a breakout target of 116,000.

For the downward trial position, 116,500 to 117,000, with a defense at 117,400, stop loss at 500 points, and a target of 115,500 to 115,000, with a breakout target of 114,500.

Ethereum (ETH)

The current price of Ethereum is 4,550. It is now 1 AM Beijing time. Before this article was published, Ethereum's daily K-line was still stretching upward. Bulls should pay attention to the daily upper resistance level at 4,660. Friends going south should stop losses without hesitation if they break the risk level. First, consider surviving before thinking about profits; don't force it. Friends going north should assess the strength of the previous high resistance before deciding whether to take profits. For the four-hour K-line, the horizontal resistance level is 4,660. The EMA trend indicator's upward alternating expansion is basically ending, and the market has entered a strong bullish phase. The K-line has been oscillating around the upper Bollinger Band at 4,580, with attention on the middle track support at 4,410. Overall, a good entry point has been found. For shorting, pay attention to the 4,660 resistance; for going long, pay attention to the 4,410 support.

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

For the upward trial position, 4,500 to 4,450, with a defense at 4,400, stop loss at 50 points, and a target of 4,600 to 4,650, with a breakout target of 4,700.

For the downward trial position, 4,600 to 4,640, with a defense at 4,680, stop loss at 30 points, and a target of 4,550 to 4,500, with a breakout target of 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 are not 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. Don't 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 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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