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 cryptocurrency community may not make you rich overnight, they can help you persist. Only those who survive in the cryptocurrency space for the long term and stick it out until the end can achieve the results they desire. I hope you understand.

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 cryptocurrency community, always protecting the small investors. I wish my fans financial freedom by 2025. Let's work hard together!

Bitcoin (BTC)

The current price of Bitcoin is 115,400. It is now 1:30 AM Beijing time. Before this article was published, the highest daily K-line reached 115,820. The market remains high this week, and it is likely to continue this way. The daily line is currently consolidating around 115,000, with MACD volume decreasing, and DIF and DEA contracting downwards. The K-line has also reached the middle band of the Bollinger Bands around 114,000. Overall, the trend indicates that the main force will continue to decline. The four-hour K-line has broken below the EMA60 support at 115,500. Next, pay attention to the EMA120 support at 114,500 and the lower band support at 114,700. As for resistance, focus on the middle band at 116,100. If the middle band does not break, the bulls will weaken, and the bears will continue to push towards the previous lows. The current strategy is to primarily focus on short positions; non-professional traders should be cautious with long positions.

Short-term reference:

For southbound trades, consider 116,000 to 116,500, with a stop-loss at 117,000, risking 500 points, targeting 115,500 to 115,000, and if broken, looking at 114,500.

For northbound trades, consider 115,000 to 114,500, with a stop-loss at 114,000, risking 500 points, targeting 115,500 to 116,000, and if broken, looking at 116,500.

Ethereum (ETH)

The current price of Ethereum is 4,470. It is now 1:30 AM Beijing time. Before this article was published, the highest daily K-line reached 4,491. Ethereum has entered a normalized "boiling frog" mode. Unlike before, this time it is consolidating at a high level, forming a symmetrical triangle pattern on a larger scale, with the bottom continuously rising and the highs constantly being tested. The daily K-line is currently oscillating around the middle band of the Bollinger Bands at 4,450, unable to drop below 4,440. The four-hour K-line is consolidating around the EMA120 line at 4,465, with the middle band at 4,498 acting as short-term resistance and support at 4,410. The strategy remains consistent with the previous reference.

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

If the price breaks below 4,440 to 4,400, go south with a stop-loss of 40 points, targeting 4,350 to 4,300, and if broken, looking at 4,250.

If the price does not break below 4,440 to 4,400, go north with a stop-loss of 40 points, targeting 4,500 to 4,550, and if broken, looking 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 article publication; the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the cryptocurrency community scholar and represents the scholar's unique perspective. 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 scholar 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. Hard work is rewarded by heaven, goodness by earth, sincerity by humanity, trust by business, excellence by profession, and heart by art. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-loss and take-profit for each trade. The cryptocurrency community scholar 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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