The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to form a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the crypto circle scholars 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!

Crypto Circle Scholar: Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 113,200. It is now 1:30 AM Beijing time. The highest point before this article was published was 116,725. From the historical peak to the time of writing, Bitcoin has already dropped over 10,000 points. Additionally, the daily line has broken below the Fibonacci retracement level of 0.786 resistance at 113,800. The next support level is the EMA90 trend support at 111,300, along with the lower Bollinger Band support at 111,500. The four-hour K-line shows a more pronounced bearish trend, having entered a short-term descending channel. The four-hour trend indicators are alternating downwards, forming a three-line death cross trend. The K-line has reached the lower Bollinger Band at 113,400. For those who have not entered the market, it is recommended to wait for a pullback to the pressure level to short, while being cautious about going long at support levels.

Short-term reference: Small losses and big gains are the goal.

For a downward move from 112,000 to 111,500, defend at 111,000, stop loss at 500 points, target at 113,000 to 113,500, and if broken, look at 114,000 to 114,500.

For an upward move from 114,000 to 114,500, defend at 115,000, stop loss at 500 points, target at 113,500 to 113,000, and if broken, look at 112,500 to 112,000.

Crypto Circle Scholar: Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 4,150. It is now 1:30 AM Beijing time. The highest point of the Ethereum daily K-line was 4,355. The current downward trend has become a foregone conclusion, and it is difficult for bulls to recover in the short term. Currently, it is very close to the Fibonacci retracement level of 0.786 support at 4,065, while there is still some distance to the EMA30 trend support at 3,965. The larger trend has formed a death cross, and the daily K-line has reached around the middle Bollinger Band at 4,070. The four-hour K-line is standing at the EMA120 support at 4,130, and below that is the major trend support at the 4,000 mark. The short-term bearish trend has already reached the lower Bollinger Band support at 4,130, and a rebound is very normal. For those who have not entered the market, you can wait for a rebound before continuing to short, while being cautious about chasing long positions.

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

For a downward trial position from 4,200 to 4,250, defend at 4,300, stop loss at 50 points, target at 4,150 to 4,100, and if broken, look at 4,050 to 4,000.

For an upward trial position from 4,100 to 4,050, defend at 4,000, stop loss at 50 points, target at 4,150 to 4,200, and if broken, look at 4,250 to 4,300.

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 Scholar and represents the scholar's unique viewpoint. 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 viewpoints 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 scholar also hopes that all investors understand that the market is always right. If you are wrong, you should summarize 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 in investing. When a trend comes, respond to 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 Scholar wishes you happy investing!

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