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 your dreams, you are never alone; you still have me.

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

Bitcoin (BTC)

The current price of Bitcoin is 115,455. It is now 1:30 AM Beijing time. The highest price before this article was published was 116,300. Everyone knows the entry point for the southward move; the rest is about holding. The focus is on the previous low position. The daily K-line has returned to below the upper Bollinger Band at 115,900, entering the channel. The stop-loss point can be adjusted to the previous high; if it doesn't break, you can continue to hold. If it breaks, you need to consider exiting. The four-hour K-line has retraced to the EMA15 trend support at 115,200. The MACD has ended its expansion and started to contract. The DIF and DEA are forming a death cross at a high position. The K-line has reached the middle track support of the Bollinger Band at 115,000. If the main force cannot effectively break below the short-term support of 115,000, those holding short positions should consider taking profits. There is a high probability of high-level fluctuations on Sunday, and you might consider a short-term long position to capture a rise before taking another southward move. The stop-loss can be set around 300 points below 115,000.

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

Northward trial entry point: 115,200 to 114,800, stop-loss 300 points, target 115,500 to 116,000, break point 116,500.

Southward trial entry point: 116,500 to 117,000, defense at 117,500, stop-loss 500 points, target 115,500 to 115,000, break point 114,500.

Ethereum (ETH)

The current price of Ethereum is 4,624. It is now 1:30 AM Beijing time. The highest price before this article was published was 4,768. The southward move has already stopped out, and there was no choice to go north as the price is too high, making chasing it too risky. Currently, the daily line has returned to below the upper Bollinger Band support at 4,648, which is within the channel. The short-term resistance should not be placed at the upper band but at the previous high. The MACD continues to expand, and the DIF and DEA are still in a golden cross trend. The four-hour K-line is about to retrace to the EMA15 support at 4,590. The MACD's expansion is decreasing. Pay attention to the middle track support of the Bollinger Band at 4,530 and the upper track resistance at 4,792. In the short term, the market will likely consolidate above 4,600. With a favorable trend and news, you can take short-term long positions but should not hold for too long; take profits when you see gains.

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

Northward trial entry point: 4,600 to 4,550, defense at 4,500, stop-loss 50 points, target 4,650 to 4,700, break point 4,750.

Southward trial entry point: 4,750 to 4,800, defense at 4,850, stop-loss 30 points, target 4,700 to 4,650, break point 4,600.

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 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 happen unexpectedly. Develop the habit of strictly setting stop-loss and take-profit for each trade. The crypto circle scholar 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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