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 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 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 115,500. It is now 2:30 AM Beijing time. Before this article was published, Bitcoin's daily K-line reached a high of 116,165, with the high decreasing for three consecutive days. After taking profits at 115,200, it moved back up to take profits at 116,000. This back-and-forth has been quite rewarding. The daily K-line has encountered a clear top resistance level. Friends in the crypto space who have not broken the previous high can continue to hold. The daily MACD has formed a polarization, and the K-line has been testing the upper Bollinger Band at 116,600. The stop-loss can be placed at the upper band. The four-hour K-line's top divergence trend has not yet ended. The K-line has broken below the middle Bollinger Band at 115,500. The lower band is at 114,400, with EMA30 support at 114,750. There is strong support at the bottom of the trend, and you can consider trying to go long after confirming support at the bottom.

Short-term reference

Long entry point: 115,200 to 114,800, with a stop-loss at 114,400, risking 300 points. The target is 115,500 to 116,000, with a breakout target of 116,500.

Short entry point: 116,000 to 116,500, with a stop-loss at 117,000, risking 500 points. The target is 115,500 to 115,000, with a breakout target of 114,500.

Ethereum (ETH)

The current price of Ethereum is 4,610. It is now 2:30 AM Beijing time. Before this article was published, Ethereum's daily K-line has moved down to a high of 4,690. As mentioned yesterday, there was no choice to go long, and short positions should not be held for too long; take profits when you can. The current market has already indicated that the strategy is correct. After a sharp rise by the main force, a neckline will form at the high level for consolidation, especially after the daily line reaches the upper Bollinger Band at 4,685, which will create a clear resistance level. Pay attention to the EMA15 trend support at 4,460 and the middle Bollinger Band at 4,410 on the daily line. The four-hour K-line is currently facing resistance at the round number 4,600, with the middle Bollinger Band support at 4,600 also being effective. If it breaks below, pay attention to the lower Bollinger Band support at 4,400. In the short term, resistance should focus on the trend's top resistance and the descending trend line pressure at 4,630 to 4,650. If it does not break, it will enter a slow decline in the short term; if it breaks, the bulls will continue to extend and challenge the previous high.

Short-term reference

If the upper range of 4,630 to 4,650 breaks, go long with a target of 4,700 to 4,800, with a stop-loss of 30 points.

If the upper range of 4,630 to 4,650 does not break, go short with a target of 4,550 to 4,450, with a stop-loss of 30 points.

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 summarize 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 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 comes 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-loss and take-profit for each trade. The crypto circle academician 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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