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 scholars 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 moments are often just before dawn. On the road to pursuing dreams, you are never alone; you still have me.

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

Bitcoin (BTC)

The current price of Bitcoin is 116,500. It is now 1:30 AM Beijing time. Before this article was published, the daily K-line of Bitcoin was still stretching and is likely to challenge the resistance level of 446,800. Everyone is waiting for the Federal Reserve's interest rate decision tomorrow at 2 AM. At this moment, providing entry and exit points is akin to moths flying into the flame. The best approach is to wait until the news is released before choosing a direction. Before that, hold onto your chips and survive. The daily K-line has stretched from 114,700, breaking 116,500 and continuing to stretch. Pay attention to the upper resistance of the Bollinger Bands at 117,610. The four-hour K-line shows initial signs of a stretching indicator pattern. Short-term longs do have profit potential, but don't be greedy. The MACD is shrinking, and the DIF and DEA are contracting at high levels, which is expected to form a golden cross and a strong bullish trend after breaking the previous high. The upper track of the four-hour Bollinger Bands has already been lost, and the market clearly shows a bullish trend. Due to the influence of news, it is recommended to take a break today and avoid opening positions. Everyone can wait until tomorrow at 2 AM to take advantage of the situation.

Short-term reference: Taking advantage of the situation

Open both long and short positions within 2 minutes before the news comes out, with a take profit of 1,000 points and a stop loss of 300 points. Fast-handed friends can seize the best opportunity one minute in advance. This is for reference only; risk is to be borne by yourself.

Ethereum (ETH)

The current price of Ethereum is 4,499. It is now 1:30 AM Beijing time. Before this article was published, Ethereum reached a high of 4,536. The previous target of 4,650 has reached the trend support of 4,430, which is also the intermediate target for the mid-line trend support. Currently, the market has pulled back and broken the 4,500 resistance level. The daily line is blocked by the middle track of the Bollinger Bands at 4,415, indicating that the bullish trend is still valid as it moves north towards 4,420. It can continue to look upward. The four-hour K-line shows a reversal indicator, and after the main force slightly broke the EMA120 trend line at 4,444, it pulled back. The upper resistance to watch is the pressure level of 4,530 and the middle track pressure level of the Bollinger Bands at 4,575. The technical aspect is already clear that the support at 4,420 is valid. However, the Federal Reserve's interest rate decision will be announced tomorrow at 2 AM, so friends who are looking for short-term longs should prepare for a pullback and take profit. It is best to clear positions before the news comes out and then take advantage of the situation.

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

If the upper range of 4,530 to 4,570 does not break, defend at 4,600, with a stop loss of 30 points and a target of 4,480 to 4,440. If it breaks, look at 4,410.

If the lower range of 4,450 to 4,420 does not break, defend at 4,380, with a stop loss of 30 points and a target of 4,500 to 4,550. If it breaks, look at 4,600.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in the publication of this article; this is for reference only, and risk is to be borne by yourself.

This article is exclusively contributed by the scholar in the crypto circle and represents the scholar's unique viewpoint. 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 viewpoints and suggestions may not be real-time and are for reference only. Risk is to be borne by yourself. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should summarize 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 to it 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 scholar in the crypto circle 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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