A large amount of capital is choosing to purchase Ethereum. The most explosive news is that Yunfeng Financial, controlled by Jack Ma, bought 10,000 Ethereum in less than a week. Yinfeng Securities, under Yinfeng Financial, has been approved by the Hong Kong Securities and Futures Commission to provide virtual asset trading services on a licensed platform. What does this represent? Traditional financial giants equating virtual asset licenses with a new pattern of compliant exchanges in Hong Kong. Will Jack Ma directly rewrite the landscape of the cryptocurrency world? The real drama has just begun.
The essence of trading is survival, and only then comes profit. Therefore, before each operation, think clearly 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 advice from cryptocurrency experts may not make you rich overnight, it can ensure your presence in the market. Only those who survive in the cryptocurrency world 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 cryptocurrency world, 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 113,850. It is now 1 AM Beijing time. Before this article was published, Bitcoin's daily K-line reached a high of 114,300. It has repeatedly declined near 113,000, and unfortunately, I had to stop-loss and exit before this article was published. The daily K-line has temporarily broken the 0.786 retracement resistance level, so there is no rush to continue shorting. If the daily line does not break the retracement line with an entity, it can decline again. Before that, wait for signals and pay attention to the upper Bollinger Band pressure at 115,800. The four-hour K-line has broken the trend indicator and is at a high position, forming a short-term bullish trend. The K-line has also broken the upper Bollinger Band at 113,300, turning pressure into support. Overall, the short-term pressure level is around 115,500, which can be a key focus. If the price forms effective pressure, a short position can be opened. If the market continues to rise sharply, do not chase; instead, protect your existing positions and survive. The more it rises, the greater the opportunity to short.
Short-term reference: Small losses and big gains are the goal.
For a northern entry point, try 112,000 to 111,500, with a stop-loss at 111,000, risking 500 points. The target is 112,500 to 113,000, with a breakout target of 113,500.
For a southern entry point, try 115,000 to 115,500, with a stop-loss at 116,000, risking 500 points. The target is 114,500 to 114,000, with a breakout target of 113,500.
Ethereum (ETH)
The current price of Ethereum is 4,400. It is now 1 AM Beijing time. Before this article was published, Ethereum's daily K-line reached a high of 4,450. The southward target of 4,450 has been reached, and the target remains unchanged. Ensure proper defense and stop-loss; if the key resistance level is broken, exit. If it does not break, hold patiently. The first target remains the EMA30 trend support at 4,290. Currently, the daily K-line has broken the trend indicator and is at a high position, but the mid-band resistance at 4,440 has not been broken, indicating significant resistance. Therefore, the southward movement is effective, and if it breaks, consider exiting. The four-hour K-line's overall trend is beginning to contract, with MACD continuously expanding. Both DIF and DEA are also starting to challenge the zero axis, and with the upper Bollinger Band at 4,378 lost, the bullish trend is strong. Friends in the southward movement are advised to ensure proper defense and stop-loss; do not hold onto losing positions.
Short-term reference: Always ensure stop-loss; safety first.
For a northern entry point, try 4,150 to 4,100, with a stop-loss at 4,050, risking 50 points. The target is 4,200 to 4,250, with a breakout target of 4,300 to 4,350.
For a southern entry point, try 4,450 to 4,480, with a stop-loss at 4,530, risking 30 points. The target is 4,400 to 4,350, with a breakout target of 4,300 to 4,250.
Specific operations should be based on real-time market data. For more information, you can consult the author. The publication of this article may be delayed, and the suggestions are for reference only; risks are borne by the reader.
This article is exclusively contributed by the cryptocurrency expert and represents the expert's unique views. 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 expert also hopes that all investors understand that the market is always right. If you are wrong, 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. 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 managing stop-loss and take-profit for each trade. The cryptocurrency expert wishes you happy investing!
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