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 scholars may not make you rich overnight, they can ensure your continued presence in the market. 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!

Ethereum

The current price of Ethereum is 3466. It is now 3:30 PM Beijing time. Aren't you glad? In this wave, we again cleared positions outside of the liquidation on the 11th of last month, successfully capturing a thousand points as we moved south. Although yesterday's wave of liquidation did not reach a thousand points, it still exceeded 700 points. Don't worry; the monkey market is not over yet. As long as the understanding king does not step down, such market conditions will become the norm. How much can you capture next time you encounter such a market?

Before the article was published, the daily K-line reached a high of 3478 and a low of 3165. You can see that the 0.5 Fibonacci retracement line support is effective at 3170. I chose to exit at 3330 for the short-term upward movement. Where the subsequent market will reach is to wait for the next clear wave. The EMA trend indicator remains bearish, which means the larger trend is still bearish. The MACD continues to show a decrease in volume and accumulation, with the DIF and DEA still in a dead cross and expanding in a bearish trend. However, the K-line has returned to the Bollinger Bands channel, with support to watch at 3455. The current sideways market is the best outcome; any stretch would be unexpected. The best approach is to observe and wait.

The four-hour K-line has risen from a low of 3055 to the 0.786 resistance point at 3460. Pay attention to the EMA30 resistance level at 3600 and the Fibonacci retracement pressure at 0.618, which is 3780. If the main entity breaks through 3460, then the MACD will form a golden cross trend and start to increase in volume. A bullish trend will appear in the short term. The K-line resistance point to watch is the middle of the Bollinger Bands at 3555. For the short term, it is recommended to mainly observe and be bullish without chasing the market. Wait until this wave of market movement is complete before deciding whether to enter.

Short-term reference:

For the southward trial position, if it does not break 3550 to 3600, stop loss at 30 points, target looking at 3500 to 3450, if broken, look at 3400 to 3350.

For the northward trial position, if it breaks 3550 to 3600, stop loss at 30 points, target looking at 3600 to 3700, if broken, look at 3750 to 3800.

Specific operations should be based on real-time market data. For more information, you can consult the author. The article may have a delay in publication, and the suggestions are for reference only; risks are to be borne by yourself.

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 are not real-time and are for reference only; risks are to be borne by yourself. 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 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 in investing. 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 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 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.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。