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 endure. Stable entry points allow for profit-taking or withdrawal.

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

After a slight adjustment yesterday, Ethereum's price continuously tested upward in the afternoon, breaking through heavy resistance above. By early morning, it broke out and moved upward, reaching a high of 2795 before pulling back. The current price is around 2770. The overall situation has improved today, with an increase of nearly 200 points from yesterday to today. The market is slowly recovering and is in a fluctuating upward rhythm. If it can break through the 2800 resistance area, further upward movement is expected.

Looking at the short-term hourly chart, the Bollinger Bands are opening upward, and the market is operating in the middle to upper band area. It has repeatedly retraced to the 2750 line and rebounded. If the price can stabilize around the 2730 line, there is a possibility for further movement towards 2800. Conversely, it may retrace to the 2700 support line. Ethereum is currently under pressure, adjusting and entering a high-level consolidation. The short-term trend is leaning towards fluctuation, but the overall upward trend remains unchanged, and daily support is slowly moving up. Therefore, there is still a possibility of breaking out upward, so the operational suggestion is to focus on long positions. Watch for resistance at 2830 above and support at 2700-2680 below.

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.

7.10 Short-term Strategy Reference for Ethereum:

• Long suggestion: 2885-2835, defend at 3000, stop-loss 30 points, target below 2800.
• Short suggestion: 2705-2735, defend at 25020, stop-loss 30 points, target near 2800.

7.10 Short Message Strategy Reference for Bitcoin:

• Long suggestion: 112500-111800, defend at 113500, stop-loss 500 points, target below 110500.
• Short suggestion: 110000-110500, defend at 109550, stop-loss 500 points, target above 111500.

The points are time-sensitive, and there may be delays in posting, so please refer to real-time market conditions. Again, emphasize risk management; no matter how confident you are in your future market predictions, always set your take-profit and stop-loss! If you need analysis on other cryptocurrencies, feel free to comment or message privately. Friends who like this, 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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