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 develop 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 stay in the game. Only those who survive in the crypto space for the long term and persist until the end can achieve the results they desire. I hope you understand this.

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)

The current price of Bitcoin is 112,200. It is now 1:30 AM Beijing time. Before this article was published, the daily K-line reached a high of 112,570, hitting the first entry point for the southbound at 112,500. Make sure to defend and set stop-losses. You only need to plan your trades before the market opens and execute your plan during trading. Ensure that your execution does not deviate, and just maintain your stop-loss. The daily line is currently consolidating around the EMA90 at 111,500. The upper resistance level to watch is the 0.786 resistance at 113,800, while the lower support level is the EMA120 at 109,500. The four-hour K-line has returned to the trend indicator, currently facing resistance at the EMA30 at 112,200. Overall, the key resistance level at the top is 113,800, so make sure to defend and set stop-losses, especially for those who have already entered southbound. If the key resistance level is broken, consider whether the trend has changed.

Short-term trading ideas:

Southbound entry point: 112,500 to 113,000, defend at 113,500, stop-loss 500 points, target 111,500 to 111,000, if broken, target 110,500 to 110,000.

Northbound entry point: 110,000 to 109,500, defend at 109,000, stop-loss 500 points, target 111,000 to 111,500, if broken, target 112,000 to 112,500.

Ethereum (ETH)

The current price of Ethereum is 4,630. It is now 1:30 AM Beijing time. Before this article was published, the daily K-line for Ethereum reached a high of 4,662. Some traders opened both long and short positions at 4,630. Some nodes can be opened this way, but make sure to set stop-losses. Overall, the trend has reached a key resistance level in the short term. The main force has been testing the upper resistance level. The daily line has not broken the trend support at 4,300 and has pulled back upwards, indicating that the bullish trend has not ended. In the short term, shorts should not be held for too long; take profits when you can. The four-hour K-line has ended a period of low volume and is starting to increase volume. The EIF and DEA have formed a golden cross above the zero axis, and the K-line has reached the middle of the Bollinger Bands above 4,585, with the upper band at 4,840. Overall, pay attention to the middle band; if it does not break, shorts should take profits in time; if it breaks, continue to hold.

Short-term reference:

Southbound entry point: 4,750 to 4,800, defend at 4,850, stop-loss 40 points, target 4,700 to 4,650, if broken, target 4,600 to 4,550.

Northbound entry point: 4,450 to 4,400, defend at 4,350, stop-loss 40 points, target 4,500 to 4,550, if broken, target 4,600 to 4,650.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in the publication of this article; 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 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 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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