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 academicians 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 108,888. It is now 1 AM Beijing time. Before this article was published, the daily K-line reached a high of 109,500. The market has returned to the position it was at before yesterday's publication. There are less than eight hours left until the weekly close, and the monthly line is also about to conclude. A clear signal is the three crows pattern, indicating that this week is likely to be a bearish candle, meaning the market will break the previous low. Combined with the daily Fibonacci support at 105,400, the main trading strategy for this week is to focus on shorting at high positions. Therefore, the southward strategy at 109,500 is valid and can be held. The four-hour K-line has been consolidating at the bottom, facing short-term support at 107,700. The MACD has been showing a continuous upward trend, but the bottom divergence trend is not very obvious, which also indicates divergence. A golden cross has formed below the zero axis for DIF and DEA. The bulls are struggling while the bears still hold the advantage. The upper resistance levels to watch are 109,500 and 110,700.

Short-term strategy reference

For northward testing, entry points are 106,000 to 105,500, with a stop-loss at 105,000, risking 500 points. The target is 107,000 to 107,500, with a breakout target of 108,000 to 108,500.

For southward testing, entry points are 109,500 to 110,000, with a stop-loss at 110,500, risking 500 points. The target is 109,000 to 108,500, with a breakout target of 108,000 to 107,500.

Ethereum (ETH)

The current price of Ethereum is 4,475. It is now 1 AM Beijing time. Before this article was published, the daily K-line for Ethereum reached a high of 4,450. The southward movement has already entered the trading range. Act decisively without hesitation and execute strictly according to the plan. There is still a possibility of a violent upward stretch this week, so be sure to manage your stop-loss for the southward movement. The daily K-line is currently facing resistance at EMA30 support of 4,255 and is blocked by the middle of the Bollinger Bands at 4,485. The four-hour K-line has shown an ascending flag pattern, with bulls starting to increase their positions. Given that the market has reached a critical resistance level, pay attention to the upper resistance at 4,540. If it does not break the upper band, the southward position can continue to be held. If it breaks, consider the trend reversal to bullish, so be mentally prepared for the inherent risks of profit and loss.

Short-term reference

For the upper range of 4,465 to 4,500, if it does not break southward, set a stop-loss at 4,530, risking 20 points. The target is 4,400 to 4,350, with a breakout target of 4,300 to 4,250.

For the upper range of 4,500 to 4,535, if it breaks northward, set a stop-loss at 4,470, risking 20 points. The target is 4,570 to 4,620, with a breakout target of 4,670 to 4,730.

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, and the suggestions are for reference only; risks are to be 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 to be 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 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 managing stop-loss and take-profit for each trade. The crypto circle academician wishes you happy investing!

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