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 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 this.

Don't forget, the darkest moments are often just before dawn. On the road to pursuing your 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 117,500. It is now 2 AM Beijing time. Before this article was published, Bitcoin reached a high of 117,900. Influenced by the Federal Reserve's interest rate cut, the bulls have started, and the profits have been secured. At 2 AM yesterday, I opened both long and short positions on Bitcoin, with a stop loss of 300 points and a take profit of 1,000 points. I took profits at 115,000 after a drop from 116,000 to rest. Although the interest rate was cut by 25 basis points, Powell stated that there would be another rate cut before the end of the year, which is a positive signal for the entire market. Therefore, there may be further upward movement. The return of funds is also a good sign for the crypto space. The daily line has reached a high resistance level, with the upper Bollinger Band pressure at 118,700. The four-hour K-line shows a double top, indicating that the market has reached a peak in the short term. If the main force stretches again to hit a high point, it is recommended to stay out of the market temporarily and wait for a clear signal before entering.

Short-term reference:

For downward movement, reference 118,500 to 119,000, with a defense at 119,500, stop loss of 500 points, and a target of 118,000 to 117,500. If broken, look at 117,000.

For upward movement, reference 116,500 to 116,000, with a defense at 115,500, stop loss of 500 points, and a target of 117,000 to 117,500. If broken, look at 118,000.

Ethereum (ETH)

The current price of Ethereum is 4,610. It is now 2 AM Beijing time. Before this article was published, Ethereum reached a high of 4,642. At exactly 2 AM yesterday, I opened both long and short positions with a stop loss of 15 points and a take profit of 100 points. The target for downward movement was 4,410, and I secured profits quickly. Such market conditions are rare. The market's positive sentiment has not yet fully released, and there is no need to look too far into the future. The daily K-line is currently showing a warming trend, with overall indicators pulling upward. The upper Bollinger Band pressure is at 4,706. The large-scale top divergence continues, and the four-hour K-line stretch is not ideal, consistently facing resistance at the upper Bollinger Band pressure of 4,617, unable to break through effectively. Currently, the market price is maintained at around 4,600, with the previous high at 4,770 and the previous low at 4,400, providing a 200-point range both ways. If you missed the opportunity at 4,400 for upward movement, it is recommended to wait for the next opportunity and temporarily stay out of the market.

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

For downward movement, reference 4,750 to 4,800, with a break point at 4,850, stop loss of 50 points, and a target of 4,700 to 4,650. If broken, look at 4,600 to 4,550.

For upward movement, reference 4,500 to 4,450, with a break point at 4,400, stop loss of 50 points, and a target of 4,550 to 4,600. If broken, look at 4,650 to 4,700.

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; 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 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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