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 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 leave traders in a dilemma, whether to catch 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.

8.3 Minghui in the Crypto Circle: Ethereum (ETH) Market Strategy Analysis Reference

After a slight consolidation during the day, Ethereum is showing weak rebounds. The current trend has broken below the 3400 level and is heading downward again. The short-term oscillation pattern has been broken. If the price cannot stabilize above 3500 in the next rebound, it is expected that the price will continue to show weak oscillation. Please prepare in advance. The daily chart is in a corrective rhythm; as long as the 3300 support is not broken, there is still a possibility for a rebound in the future market. Therefore, it is advised that short positions should focus on securing profits.

On the short-term hourly chart, the Bollinger Bands are opening up, and the short-term trend shows consecutive bearish candles, indicating strong bearish sentiment. The price is continuously testing the lower band, and it is expected that the price will decline further. In the short term, one can seize a short position opportunity. The current trend is in a downward oscillation rhythm, but it has not broken down again. Therefore, our strategy is to focus on short positions during rebounds, with long positions as a supplement. Key resistance levels to watch are around 3480 and 3530, while support is at the 3300 level.

8.3 Short-term Strategy Reference for Ethereum:

• For short positions, suggest 3460-3520, with a stop-loss of 30 points and a target below 3410.
• For long positions, suggest 3320-3275, with a defense at 3100, a stop-loss of 30 points, and a target near 3400.

8.3 Short-term Strategy Reference for Bitcoin:

• For short positions, suggest 113500-114500, with a defense at 115500, a stop-loss of 500 points, and a target below 112300.
• For long positions, suggest 110000-111000, with a defense at 109500, a stop-loss of 500 points, and a target above 112000.

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 judgment, always set your take-profit and stop-loss levels! If you need analysis on other cryptocurrencies, feel free to comment 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 Crypto Circle) for addition methods: the first ten each day can receive free exit strategy provision.

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