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' 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 withdrawal.

8.1 Minghui in the Crypto Circle: Ethereum (ETH) Market Strategy Analysis Reference

Bitcoin's morning market surged and then retraced, currently down over 100 points, completely erasing previous gains. A short-term bearish candle has appeared, interrupting the rebound rhythm and opening up space below. If the price cannot stabilize around the 3700 level, further retracement is expected, with the market likely to test the 3600 level again.

In the short-term hourly chart, the mid-line support has been broken, indicating a retracement. If the subsequent rebound does not break above 3750, there is a possibility for the price to decline further. All traders should be prepared. After this short-term retracement of over 100 points, the trend is starting to lean towards a downward fluctuation, so our strategy remains focused on shorting during rebounds, with buying on dips as a secondary approach. The upper resistance is focused on the 3780-3800 area, while the lower support is at the 3660 area.

8.1 Short-term Strategy Reference for Ethereum:

• Suggestion: 3760-3820, stop-loss 30 points, target below 3710.

• Suggestion: 3620-3575, defend at 3400, stop-loss 30 points, target near 3700.

8.1 Short-term Strategy Reference for Bitcoin:

• Suggestion: 117500-118500, defend at 120500, stop-loss 500 points, target below 117300.

• Suggestion: 115000-114000, defend at 112500, stop-loss 500 points, target above 116000.

The points are time-sensitive, and there may be delays in posting, so please refer to real-time market conditions. Once again, emphasize risk management; no matter how confident you are in your future market predictions, always set your take-profit and stop-loss levels! If you need analysis on other cryptocurrencies, feel free to comment or message privately. Friends who like this, 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 (Minghui in the Crypto Circle) for addition methods: the first ten each day can receive free exit strategy provision.

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