The essence of trading lies in the ability to find opportunities, to plan before acting, and to strategize effectively. This has always been the key to Minghui's success in the market. Many people fail due to chaotic operations, lack of planning, and no strategy. Most losses occur from locking positions, holding onto trades, and not using stop-losses. The root cause is often a lack of skills and ideas, blindly trusting others' operations, following the wrong trades, and having a poor mindset, resulting in small gains and large losses. The saying "think thrice before acting" holds true; only well-considered points should be entered. Aggressive points can leave traders in a dilemma, either catching the highest or lowest points, leading to significant price differences. If one is reluctant to take a loss, they can only endure. Stable points allow for profitable exits or graceful withdrawals.

7.13 Cryptocurrency Market Analysis by Minghui: Ethereum (ETH) Strategy Reference

Ethereum is still maintaining a high-level consolidation throughout the day. Although the price fluctuates within a range, it faced resistance and retraced near the high of around 3010. The price has shown a slight pullback but has not broken the support area of 2900. Currently, the price is operating around the 2950 area. Overall, since the market has not broken out, although the general direction leans upward, it is not advisable to blindly chase the rise. It is better to wait for a pullback to test support before re-entering.

Looking at the short-term 4-hour chart, the Bollinger Bands are narrowing, with both bulls and bears pulling around 100 points. Currently, the overall trend is still dominated by bulls, and the short-term recovery strength is also quite strong. Therefore, the operational suggestion is to focus on long positions, with short positions as a supplement. If the price breaks out, one can consider chasing long. Support below is at 2890, and resistance above is at 3040.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account: (Minghui in the Cryptocurrency Circle). The first ten daily followers can receive free exit strategies.

7.13 Short-term Strategy Reference for Ethereum:

Long suggestion: 2990-3035, defend at 3150, stop-loss 30 points, target below 2930.

Short suggestion: 2920-2875, defend at 2750, stop-loss 30 points, target around 2960.

7.13 Short Message Strategy Reference for Bitcoin:

Long suggestion: 119500-120800, defend at 122900, stop-loss 500 points, target below 117800.

Short suggestion: 116500-115500, defend at 114050, stop-loss 500 points, target above 117500.

The points are time-sensitive, and there may be delays in posting, so please refer to real-time market conditions. Again, it is emphasized to manage risk well; no matter how confident you are in your future market judgment, always set your take-profit and stop-loss! If you need analysis on other cryptocurrencies, feel free to comment or message privately. Friends who like this can support by liking. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account: (Minghui in the Cryptocurrency Circle). The first ten daily followers can receive free exit strategies.

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