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 persist. Only those who survive in the crypto space for the long term and stick it out until the end can achieve the results they desire. I hope you understand.
I am an academician in the crypto circle, a warrior who has always been protecting the retail investors. I wish my followers financial freedom by 2025. Let's work hard together!
Recently, I have been overwhelmed with offline work. I need to make a trip to Hong Kong, so I won't write too much. I'll directly share my thoughts, and more detailed analysis will come after my offline work is done. Thank you for your attention.
Bitcoin (BTC) Latest Market Analysis
As of the time of writing, the current price of Bitcoin is 106,000. The first target of 107,000 has been reached, and it has also dropped below the second target of 106,000. Whether the market will continue to decline is not the main concern for now, as profits have already been locked in. The rest is left to time to hold. Since the upper level of 108,500 has chosen to go south, there is no need to rush to exit. The market will likely consolidate around 105,000 for a certain period, so the main force will continue to push down. After the market reaches 105,000, it will try to go north again. However, do not rush to exit completely; leave some base positions. The target is simple: the 100,000 mark. Do not look too far for the short-term northward target; it's best to take profits when you can.
Daily Point Reference:
If the price stays between 106,000 and 105,500, go north with a stop loss of 300 points, first target 107,000.
If the price breaks below 106,000 to 105,500, go north with a stop loss of 300 points, first target 104,500.
Ethereum (ETH) Latest Market Analysis Reference
As of the time of writing, the current price of Ethereum is 2,422. Clearly, it has not broken 2,530, and the southward target of 2,430 has been reached. The new trend turning point is at the 0.382 Fibonacci retracement level, with trend support at 2,390. The support point at the bottom is found in the range of 2,410 to 2,390. As long as this support zone holds, a rebound will occur. If it breaks, it will continue to move south. Overall, in the short term, the main force will continue to pressure retail investors, consolidating around 2,425. Interested traders can open both long and short positions at this level, as it is uncertain whether the support level can hold. However, this current market pattern is the most stable, and you can also try to go north from this position, aiming for a daily target of 30 to 50 points.
Daily Point Reference:
If the price stays between 2,410 and 2,390, go north with a stop loss of 30 points, first target 2,460.
If the price breaks below 2,410 to 2,390, go south with a stop loss of 30 points, first target 2,330.
Specific operations should be based on real-time market data. For more information, you can consult the author. The publication of this article may be delayed, and the suggestions are for reference only; risks are to be 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 to be 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 your own issues and not let the profits that should be yours slip away. There is no need to be smarter than the market in investing. 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. Hard work is rewarded, integrity is valued, and excellence is pursued. Gains and losses often happen 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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