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 stem 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' trades, following the wrong signals, and having a poor mindset, resulting in small gains and large losses. The saying "think thrice before acting" holds true; only well-considered entry points should be taken. 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 entry points allow for profit-taking or withdrawal.

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

Yesterday, Ethereum continued its correction. Although there was a rebound during the day, it did not break through the upper resistance. The high touched around 3880 faced pressure, while the low reached around 3716. Currently, the price is running near 3760, with the lower support at 3700 not being broken. Although there was a rebound, the subsequent trend has been hovering around 3760, indicating a high-level consolidation.

On the hourly chart, there have been consecutive bearish candles, with the price dropping from 3875 to 3756.95, forming a short-term downward trend. MACD: On the 4-hour chart, the DIF (16.25) has crossed below the DEA (30.2), and the histogram (-27.89) continues to expand. On the 1-hour chart, both lines are below the zero axis (-14.94/-8.27). EMA: The price on the 4-hour chart has fallen below EMA7 (3789.07) but remains above EMA30 (3772.76), while EMA120 (3461.7) continues to trend upwards. The daily EMA7 (3743.49) has not changed its golden cross status with EMA30 (3299.47). The short-term trend is slightly bearish, but after the large bullish candle on July 27 (+130.2), there have been two consecutive days of correction. Overall, it remains in an upward channel and has not broken the key support level of 3700. It is recommended to focus on buying during corrections.

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

7.30 Short-term Strategy Reference for Ethereum:

• Buy suggestion at 3860-3920, stop-loss 30 points, target below 3810.
• Buy suggestion at 3720-3675, defend at 3500, stop-loss 30 points, target near 3760.

7.30 Short-term Strategy Reference for Bitcoin:

• Buy suggestion at 119000-120000, defend at 122500, stop-loss 500 points, target below 118300.
• Buy suggestion at 116000-117000, defend at 113500, stop-loss 500 points, target above 118000.

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

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