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-loss orders. 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 entry points allow for profit-taking or withdrawal.

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

Ethereum continues to show strong rebounds during the day, having broken through the 3900 resistance level. The short-term market is shifting from weak to strong. If the market breaks through the previous high, the price is expected to approach 4000. Therefore, breaking points can be cautiously leveraged for short-term longs. I hope all coin friends are prepared in advance. Currently, Ethereum has broken out and is moving upward, so our short-term operation suggests focusing on buying on dips.

Daily Level: On August 7, a large bullish candle appeared (an increase of 228.1 points), breaking the previous high of 3927.4 and forming a new high of 3935.8. On August 8, there was a slight pullback, but the close remained above the 3900 level, forming a high-level doji star pattern. Hourly Level: On August 8 at 09:00, a candlestick with a long upper shadow appeared (highest at 3935.8), testing the 3950 level but failing and retreating, indicating short-term selling pressure. MACD: The daily DIF (163.5) is still above the DEA (181.6), but the MACD histogram (-36.1) continues to shrink, indicating weakening upward momentum. The hourly MACD has formed a death cross above the zero line, signaling a short-term adjustment. EMA: The daily EMA7 (3751.0) has crossed above the EMA30 (3488.6), forming a golden cross, and the price remains above the EMA7, maintaining an upward medium-term trend. The hourly EMA7 (3886.6) shows divergence with the price. There are short-term pullback signals, with support seen at 3800.

8.8 Short-term Strategy Reference for Ethereum:

• Long suggestion at 3960-4010, stop loss at 30 points, target below 3900.
• Short suggestion at 3735-3800, defend at 3560, stop loss at 30 points, target above 3860.

8.8 Short-term Strategy Reference for Bitcoin:

• Long suggestion at 117500-118500, defend at 119800, stop loss at 500 points, target below 116800.
• Short suggestion at 116500-115500, defend at 113500, stop loss at 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. Once again, emphasize risk control; no matter how confident you are in your future market judgments, always manage your take-profit and stop-loss orders! 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 cryptocurrency circle) for ways to add: the first ten each day can receive free exit strategy provision.

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