Cryptocurrency Academician: Bitcoin and Ethereum have once again entered the southern hunting zone at 7.3! Should we short or position for long? Latest market analysis and reference suggestions.

CN
17 hours ago

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 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 a warrior in the crypto circle, always protecting the retail investors. I wish my followers financial freedom by 2025. Let's work hard together!

Bitcoin (BTC) Latest Market Analysis

As of the time of writing, the current price of Bitcoin is 108,200. You can review the analysis provided yesterday in the previous article. The upward move to 105,500 was missed; I suggest waiting for the next stop. The first target of 107,000 has been reached, and the second target of 108,500 is also approaching. You can consider exiting at this station. The thought process returns to the trend resistance level from the day before yesterday; if it does not break, it will continue south. If it breaks, you can consider moving north. As for the detailed analysis of the market, I won't write too much due to offline reasons. Once I finish this busy period, I will elaborate further. Feel free to reach out for communication.

Intraday Reference Points:

  • If the price is between 108,500 and 108,900 and does not break south, set a stop loss of 300 points, with the first target at 107,000.
  • If the price breaks above 108,500 to 108,900, set a stop loss of 300 points, with the first target at 109,500.

Ethereum (ETH) Latest Market Analysis Reference

As of the time of writing, the current price of Ethereum is 2,500. The long-term and short-term cycles are different, but the connection between Bitcoin and Ethereum is the same. Bitcoin rebounded at 105,000, while Ethereum is effectively supported in the range of 2,380 at the 0.382 Fibonacci retracement level. Therefore, you can consider moving north. For detailed analysis, you can refer to the previous articles. Currently, Ethereum has returned from 2,400 to 2,500, indicating that the main force will continue to test the pressure zone at 2,520. At this position, you can choose to move south, but be prepared for a stop loss. Prioritize stop loss before considering profit.

Intraday Reference Points:

  • If the price is between 2,530 and 2,500 and does not break south, set a stop loss of 30 points, with the first target at 2,430.
  • If the price breaks above 2,530 to 2,500, set a stop loss of 30 points, with the first target at 2,590.

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 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 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 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. 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!

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.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

ad
出入金首选欧易,注册立返20%
Ad
Share To
APP

X

Telegram

Facebook

Reddit

CopyLink