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-loss orders. The root cause is often a lack of skills and ideas, blindly trusting others' trades, following the wrong orders, 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 exiting the market.

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

The intraday trend of Ethereum is a reversal and pullback. The market attempted to rally again but failed, with prices repeatedly pressured around the 3820 level, leading to a correction. The low touched the previous support near 3660, and the market has rebounded as expected. Currently, the price is operating around 3770, with both bulls and bears entering a stalemate. The overall market is in a corrective phase, and it is prudent to wait for a breakout to trade in the direction of the trend.

On the short-term hourly chart, the Bollinger Bands are opening, with prices operating in the middle to lower band area. On the hourly level: a long upper shadow inverted hammer appeared recently (e.g., 07/30 16:00), indicating significant selling pressure above 3800. After a large fluctuation yesterday, a spinning top was formed (07/31 00:00), which has not yet broken the previous high of 3822. On the daily level: from July 28 to 29, consecutive bearish candles with long lower shadows were formed, indicating strong support in the 3720 area; the current price is under pressure from the previous high point of 3775. MACD: The 4-hour DIF and DEA have crossed below the zero line (-20.85), and the daily histogram continues to shrink but remains positive. The weekly golden cross structure has not been broken. EMA: The price is closely contesting the 4-hour EMA7 (3782), with a significant divergence from the daily EMA30 (3333). The 120-day moving average at 3493 serves as ultimate support. The short-term trend is relatively stagnant, and the overall market is entering a corrective phase, so it is recommended to buy low at high points and to pay attention to breakout situations. The upper resistance is at the 3820 level, and the lower support is at the 3660 level.

7.31 Short-term Strategy Reference for Ethereum:

• Suggest buying at 3830-3790, with a stop loss of 30 points, targeting below 3810.
• Suggest buying at 3705-3655, with a defense at 3500, stop loss of 30 points, targeting around 3760.

7.31 Short-term Strategy Reference for Bitcoin:

• Suggest buying at 119000-118000, with a defense at 121500, stop loss of 500 points, targeting below 117300.
• Suggest buying at 116000-115000, with a defense at 113500, stop loss of 500 points, targeting above 117000.

The points are time-sensitive, and there may be delays in posting, so please refer to real-time market conditions. Once again, emphasize the importance of risk control; no matter how confident you are in your future market predictions, always manage your take-profit and stop-loss orders! If you need analysis on other cryptocurrencies, feel free to comment or message privately. Friends who like this content, please give a thumbs up to support. 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 top ten each day can receive free exit strategy advice.

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