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 stem 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 signals, 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 hold on. Stable entry points allow for profit-taking or withdrawal.

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

Ethereum's performance is stronger than the overall market, with an increase of nearly 100 points yesterday. The market is strongly breaking upwards, overcoming the previous resistance at the 2600 level, and bullish sentiment is gradually improving, temporarily suppressing the downward trend. The market continues to rise today, currently approaching the 2628 position. If it breaks through 2650 again, a small upward wave is expected. Minghui suggests that everyone prepare in advance; if it breaks out, seize the opportunity for short-term gains.

From the short-term hourly chart, the price has risen to the 2628 position but is facing resistance and has retraced. The price is now testing downwards, briefly rebounding upon touching the ten-day defense line. However, a long upper shadow has appeared, indicating that the market is still under pressure. Therefore, it is not recommended to blindly enter long positions at this time; it is better to wait for a pullback to test support before considering entry. The short-term market is facing resistance and entering a corrective phase, with both bulls and bears starting to exert force alternately. The trend is entering a high-level consolidation phase, and as long as support holds, there is a possibility of further upward breakout. The upper resistance to watch is between 2674-2650, while the short-term lower support is around the 2580 level.

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

7.9 Short-term Strategy Reference for Ethereum:

• Long suggestion: 2685-2635, defend at 2780, stop-loss 30 points, target below 2600.

• Short suggestion: 2585-2535, defend at 2400, stop-loss 30 points, target near 2600.

7.9 Short Message Strategy Reference for Bitcoin:

• Long suggestion: 109000-109800, defend at 111500, stop-loss 500 points, target below 108500.

• Short suggestion: 107500-106500, defend at 105550, 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, it is emphasized to manage risk well; no matter how confident you are in your future market predictions, always set your take-profit and stop-loss levels! If you need analysis on other cryptocurrencies, feel free to comment or message privately. Friends who like this content, please give more likes and support. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account: (Cryptocurrency Market Minghui). The top ten each day can receive free exit strategies.

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