Cryptocurrency Academician: Is the 8.9 Bitcoin "breakthrough" hindered a correction or a prelude to a surge? Behind Ethereum's surge, is there a hidden crisis? Latest market analysis and operational advice.

CN
2 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.

Don't forget, the darkest moments are often just before dawn. On the road to pursuing dreams, you are never alone; you still have me.

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

Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 116,000. It is now 1 AM Beijing time. Bitcoin has broken through previous highs with significant trading volume. The 4-hour candlestick chart faced resistance around 117,600 and has been retreating continuously. It is currently in a phase of consolidation, with the lows gradually rising. Yesterday's strategy was to go south at 116,500, with a stop-loss at 117,300, and fortunately, I was not stopped out. The current average price is 116,900 for your reference. On the technical side, the MACD shows a weakening downward momentum; however, the daily level is still in a golden cross state, and the bullish trend has not completely ended. There is still upward momentum, so be sure to defend and set stop-losses. The EMA trend indicator is contracting, and it is quite evident that the main force is stretching and then unloading. Therefore, if the southward movement is effective, it can be held.

Short-term reference: Safety first; small losses and big gains are the goal.

For northward testing, entry points are 115,000 to 114,500, with a stop-loss at 114,000, risking 500 points. The target is 115,500 to 116,000, with a breakout target of 117,000 to 117,500.

For southward testing, entry points are 116,900 to 117,300, with a stop-loss at 117,700, risking 500 points. The target is 116,300 to 115,800, with a breakout target of 115,400 to 115,000.

Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 397. It is now 1 AM Beijing time. The stop-loss at 3,940 for the southward movement from 3,900 was regrettably triggered. Looking at the current market, the daily level shows a continuous rise, forming a bullish trend. The 4-hour cycle is consolidating around 3,950. The previous high of 4,012 may become a short-term resistance level, while the low of 3,880 provides support. The MACD has formed a top divergence trend, indicating that there is still momentum for further highs. It is temporarily not the best time to go south; wait for signals to appear before acting. As for the northward movement, it has not reached a good support point, so we can only wait for the bulls to exhaust themselves. The main force in the market is stretching and the turnover rate is too frequent. At this time, it is best for speculative funds to wait until the stretch ends before acting. Do not chase highs or sell lows; focus on survival first.

Short-term reference: Always set stop-losses; safety first.

For southward testing, entry points are 4,000 to 4,040, with a stop-loss at 4,070, risking 40 points. The target is 3,950 to 3,900, with a breakout target of 3,850.

For northward testing, entry points are 3,900 to 3,870, with a stop-loss at 3,830, risking 40 points. The target is 3,950 to 4,000, with a breakout target of 4,050.

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 the reader.

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 the reader. 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 reflect on 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; when a trend comes, respond and follow 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.

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