The essence of trading is survival, followed by 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!

The current price of Bitcoin is 112,700. It is now 1 AM Beijing time. Before this article was published, the highest daily K-line reached 115,400. Yesterday, I reminded everyone to focus on short positions; non-professional traders should not go long. A wave of liquidations occurred, with 400,000 people across the network being affected. Looking at the market, the daily K-line has a large bearish candle that directly broke through the EMA90 trend support. If the previous low of 111,500 is lost, the market will continue to trend downwards, temporarily maintaining near the resistance level. Pay attention to the Bollinger Band middle track resistance at 114,000. For the four-hour K-line, short-term resistance is at 113,500. The K-line has already broken below the 38.2% retracement level, so the support for the pullback has now turned into strong resistance. Coupled with the market sentiment still spreading, the bearish trend will continue in the short term. The main idea is to focus on short positions, with long positions as a supplement.

Short-term reference:

For downward movement, reference 113,000 to 113,500, with a stop-loss at 114,000, risking 500 points, targeting 112,500 to 112,000, and if broken, looking at 111,500.

For upward movement, reference 111,500 to 111,000, with a stop-loss at 110,500, risking 500 points, targeting 112,000 to 112,500, and if broken, looking at 113,000.

The current price of Ethereum is 4,165. It is now 1 AM Beijing time. Before this article was published, the highest daily K-line reached 4,455 and the lowest was 4,000. Congratulations to everyone for the gains on the downward movement, and thanks to fans for reporting good news. This wave of bearish momentum has reached a critical support point. Pay attention to the 23.6% retracement support at 4,100 and the lower Bollinger Band support at 4,150. The four-hour K-line has a large bearish candle that pierced down to the 4,000 mark. The Bollinger Band is opening downwards, and the MACD is contracting and spreading downwards, forming a bottom divergence trend, indicating that the main force still has the momentum to continue testing the bottom support. As for new entry points for downward movement, reference the short-term resistance levels of 4,250 to 4,300. The main idea has already shown that without significant positive news before the end of the month, the market will likely continue to explore the bottom and break new lows.

Short-term reference:

For downward movement, reference 4,250 to 4,300, with a stop-loss at 4,350, risking 40 points, targeting 4,200 to 4,150, and if broken, looking at 4,100 to 4,050.

For upward movement, reference 4,100 to 4,050, with a stop-loss at 4,000, risking 40 points, targeting 4,150 to 4,200, and if broken, looking at 4,250 to 4,300.

Specific operations should be based on real-time market data. For more information, you can consult me. There may be delays in article publication; the suggestions are for reference only, and risks are to be borne by you.

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 to be borne by you. 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. 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 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-loss and take-profit for each trade. The crypto circle academician wishes you happy investing!

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