The essence of trading lies in the ability to find opportunities, to plan before acting, and to strategize effectively. This has always been the key to Minghui's success in the market. Many people fail due to chaotic operations, lack of planning, and no strategy. Most losses occur from locking positions, holding onto trades, and not using stop-losses. The root cause is often a lack of skills and ideas, blindly trusting others' trades, following the wrong orders, and having a poor mindset, resulting in small gains and large losses. The saying "think thrice before acting" holds true; only well-considered entry points should be taken. Aggressive points can leave traders in a dilemma, either catching the highest or lowest points, leading to significant price differences. If one is reluctant to take a loss, they can only endure. Stable points allow for profitable exits or the option to withdraw.

7.8 Cryptocurrency Market Analysis by Minghui: Ethereum (ETH) Strategy Analysis Reference

Ethereum faced pressure and retracement yesterday, unfortunately, it did not break through on the subsequent upward movement. Currently, the price has retraced and re-entered consolidation, maintaining a wide-ranging oscillation pattern. Therefore, we must remember not to blindly follow the trend unless key positions are broken.

On the hourly chart, the Bollinger Bands are narrowing, with both bulls and bears exerting force back and forth. The short-term trend is relatively stuck, and it is expected that the oscillation will continue for some time. The upper resistance is around 2600, while the lower support is near 2500. Key attention should be paid to the dual support at 2480-2500 during the day. As long as the retracement does not fully break down, the trend will maintain an oscillation pattern. Conversely, it may further test downward, and there is a risk of the market returning to a downward trend. I hope everyone is prepared in advance.

For more real-time trading strategies, online technical learning, and exit strategies, please follow the mentor's public account: (Cryptocurrency Market Minghui). The first ten daily followers can receive free exit strategies.

7.8 Short-term Strategy Reference for Ethereum:

• Long suggestion: 2585-2635, defend at 2780, stop-loss 30 points, target below 2520.
• Short suggestion: 2485-2435, defend at 2300, stop-loss 30 points, target around 2510.

7.7 Short Message Strategy Reference for Bitcoin:

• Long suggestion: 109500-108500, defend at 111000, stop-loss 500 points, target below 107800.
• Short suggestion: 107000-106000, defend at 104550, stop-loss 500 points, target above 108000.

The points are time-sensitive, and there may be delays in posting, so please refer to real-time market conditions. Again, I emphasize the importance of risk control; no matter how confident you are in your future market judgment, always set your take-profit and stop-loss levels! If you need analysis on other cryptocurrencies, feel free to comment or message privately. If you like this content, please give a thumbs up to support more daily real-time trading strategies, online technical learning, and exit strategies. Follow the mentor's public account: (Cryptocurrency Market Minghui), and the first ten daily followers can receive free exit strategies.

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