The essence of trading lies in the ability to find opportunities, to plan before acting, and to strategize effectively. This has been the key to Minghui's consistent 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 orders, and having a poor mindset, leading to 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, with significant price differences. If one is reluctant to take a loss, they can only hold on. Stable entry points allow for profit-taking or exiting the market.

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

Yesterday, Ethereum continued to rise, repeatedly facing resistance near the 3780 level and pulling back. Although there was a retest of 3700 before another attempt to rise, unfortunately, it did not stabilize and break through the upper resistance. The market is now in a pullback phase, entering a high-level consolidation. Today, the price is in a narrow range of fluctuations, currently operating in the 3740 area.

From the daily chart perspective, the price has closed with three consecutive bullish candles. The bullish sentiment is strong, and although the upward momentum is not strong, the market maintains a high-level consolidation, with the price oscillating and slowly moving up in support. As long as the price does not drop below the 3660 line during the day, it is highly likely that the market will continue to rise.

On the short-term hourly chart, the Bollinger Bands are opening up, with the price fluctuating above the middle band. Both bulls and bears are in a stalemate, and the market is leaning towards consolidation. It is expected that there will not be significant changes in the daily pattern in the short term, so traders should maintain a strategy of high short and low long. Pay attention to resistance around 3800 above and support at 3700-3660 below.

7.27 Short-term Strategy Reference for Ethereum:

• Long suggestion: 3760-3820, stop-loss 30 points, target below 3710.
• Short suggestion: 3620-3675, defend at 3420, stop-loss 30 points, target around 3720.

7.27 Short-term Strategy Reference for Bitcoin:

• Long suggestion: 119500-118500, defend at 121900, stop-loss 500 points, target below 117500.
• Short suggestion: 116500-115500, defend at 114000, stop-loss 500 points, target above 117000.

The points are time-sensitive, and there may be delays in posting, so please refer to real-time market conditions. Again, emphasize good risk control; no matter how confident you are in your market predictions, always manage your take-profit and stop-loss effectively! 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: (Minghui in the Cryptocurrency Circle). The top ten each day can receive free exit strategy advice.

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