The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to form 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 this.

Don't forget, the darkest moment is often just before dawn. On the road to pursuing dreams, you are never alone; you still have me.

I am a warrior in the crypto circle, always protecting the retail investors. I wish my fans financial freedom by 2025. Let's work hard together!

Bitcoin (BTC)

The current price of Bitcoin is 110,300. It is now a little past midnight Beijing time. Before this report, the highest price of Bitcoin on the daily K-line was 111,300, which is just near the convergence point of the daily EMA15 and EMA60, indicating that the short-term resistance level is effective. The bottom support to watch is the EMA120 line at 109,400. The MACD has started to turn positive as it cannot go lower on the daily line, and both DIF and DEA are in the golden cross convergence stage. The K-line is blocked by the middle band resistance of the Bollinger Bands at 111,860, with the lower band at 107,000 and the upper band at 116,700. After the four-hour K-line broke the trend indicator, the MACD began to accumulate, and the K-line continues to operate in a downward channel. The support at 109,500 is effective, and the short-term resistance level to watch is the upper band at 112,800. Those who have already entered the market should continue to hold, while those who have not yet entered should wait for a market correction before making a decision, or try a long position near 109,500. Just be patient before that.

Short-term reference: The goal is to minimize losses and maximize gains.

For a short position, the trial entry point is between 110,000 and 109,500, with a stop-loss at 109,000, risking 500 points, and a target of 111,000 to 111,500, with a breakout target of 112,000.

For a long position, the trial entry point is between 112,500 and 113,000, with a stop-loss at 113,500, risking 500 points, and a target of 112,000 to 111,500, with a breakout target of 111,000.

Ethereum (ETH)

The current price of Ethereum is 4,270. It is now a little past midnight Beijing time. Before this report, the highest point for Ethereum on the daily K-line was 4,330. Most of the old fans have taken profits, while only new fans with weak mentality could not withstand the main force's pullback at 4,470 and exited. However, congratulations to them for securing a decent profit. As for new fans, it’s best to observe for a while to see if I am genuine or not. Currently, the main force is testing the daily EMA30 trend line support at 4,275. If the support is held for too long, it will eventually break. Deviations in execution can lead to missed opportunities. The lower support of the daily Bollinger Bands is at 4,040. The four-hour K-line has started to contract and is moving in a very narrow range. The MACD is alternating back and forth, with the K-line testing the mid-band resistance at 4,350 and the lower band support at 4,225. If it breaks 4,350, it is highly likely to challenge the previous high near 4,480 for the sixth time, so be prepared with a focused mindset and two hands ready.

Short-term reference: Always set stop-losses; safety first.

For a short position, if the price does not break between 4,335 and 4,355, go short with a stop-loss of 30 points, targeting 4,300 to 4,200, with a breakout target of 4,150.

For a long position, if the price breaks between 4,335 and 4,355, go long with a stop-loss of 30 points, targeting 4,400 to 4,450, with a breakout target of 4,500.

For a long position, if the price is between 4,065 and 4,035, go long with a defense at 4,000, a stop-loss of 30 points, targeting 4,100 to 4,150, with a breakout target of 4,200.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication, so 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 may not be 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 reflect on where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond and follow 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 stems 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!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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