The essence of trading is survival, followed by profit. Therefore, before each operation, think carefully about whether your actions are reasonable and if your capital is safe. You need to develop a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the crypto circle academicians may not make you rich overnight, they can help you stay in the game. Only those who survive in the crypto space for the long term and persist until the end can achieve the results they desire. I hope you understand.
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Crypto Circle Academician: Latest Bitcoin (BTC) Market Analysis
The current price of Bitcoin is 114,300. It is now 1:30 AM Beijing time. The daily K-line's highest point is 115,666. There are still a few hours until the daily close at 8 AM, and the weekly close is the same. The large-scale trend has reversed and has reached the key support area, which is the current price at the time of writing. It is highly likely that it will choose a direction again around the 0.786 line during the day. The bulls are facing resistance at the middle band of the Bollinger Bands at 116,700. The four-hour K-line has already broken below the trend indicator MACD, which has ended its expansion and started to contract. Whether the DIF and DEA will form a death cross at the 0 axis is at this line, especially since the four-hour K-line has been consolidating at the middle band of the Bollinger Bands at 114,550. Following yesterday's thought process, a signal to go south can appear after the middle band support turns into resistance, targeting last week's low of 111,700, which is the double bottom structure of 112,000. Regardless of whether it will form, after reaching the previous low, it is recommended to take profit and exit, considering a northward trial position with a stop loss. Whether it can go north at 112,000 is necessary for a trial position. The market has entered the trading range where profit and loss are intertwined; just execute it.
Short-term reference: Small losses and big gains are the goal.
If the support at 115,000 to 114,500 is lost, go south with a stop loss of 500 points, targeting 114,000 to 113,500. If broken, look at 113,000 to 112,500.
If the resistance at 112,000 to 111,500 holds, go north with a stop loss of 500 points, targeting 113,000 to 113,500. If broken, look at 114,000 to 114,500.
Crypto Circle Academician: Latest Ethereum (ETH) Market Analysis Reference
The current price of Ethereum is 4,860. It is now 1:30 AM Beijing time. The highest point of the daily K-line is 4,877. Yesterday's content emphasized that after the main force divergence, there is a high probability of a stretch followed by a pullback. Don't rush; the market is getting closer according to the trend. Be patient and wait. The daily K-line has been testing above 4,800 for several days. A long-term pressure point will eventually break. The four-hour K-line shows a clear top divergence, with the K-line near the historical highest point. The market shows that the main force is accumulating significantly, with whales selling Bitcoin to buy Ethereum. The upper band of the Bollinger Bands has reached a pressure point of 5,080, while the middle band support is at 4,610. The strong bullish trend continues. Interested friends can consider trying a position south of the 5,000 mark. Cautious friends are advised to hold onto their chips and survive first. Currently, the main force has a high level of control. The market at this time has nothing to do with retail investors. After the storm passes, a stable market is the most reliable.
Short-term reference: Always set a stop loss; safety first.
Try a position south from 5,000 to 5,050, with a defense at 5,100, stop loss at 40 points, targeting 4,950 to 4,900. If broken, look at 4,850 to 4,800.
Try a position north from 4,650 to 4,600, with a defense at 4,550, stop loss at 40 points, targeting 4,700 to 4,750. If broken, look at 4,800.
Specific operations should be based on real-time market data. For more information, you can consult the author. The article may have a delay in publication; the suggestions are for reference only, and risks are borne by the reader.
This article is exclusively contributed by the Crypto Circle Academician and represents the unique views of the Academician. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions are not real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The Academician also hopes that all investors understand that the market is always right. If you are wrong, you should summarize where the problem lies. Don't let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success comes from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop losses and take profits for each trade. The Crypto Circle Academician wishes you happy investing!
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