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.
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The current price of Bitcoin is 113,700. It is now 2 AM Beijing time. Before this article was published, the daily K-line was still breaking previous highs. After reaching the southern target of 111,500 yesterday, it has also reached the northern target of 113,000. Looking at the current market, the daily K-line found support at the EMA120 trend line at 110,800 and then began to push upwards towards the trend resistance level of 114,300. The MACD is contracting, and the DIF and DEA are still in a death cross. The main force has reached the middle track resistance level of the Bollinger Bands at 114,150. Overall, the trend has reached a mid-line level of resistance, so it may be worth considering a southward move here. For the 4-hour pressure levels, pay attention to the trend intersection point at 114,300 and the upper track resistance level of the Bollinger Bands at 115,500. The market will not always move in one direction, especially since there are currently no major positive or negative news events, so it is likely to consolidate. Be prepared for high selling and low buying.
Short-term reference:
For southward movement, consider 114,300 to 114,800, with a defense at 115,300, stop loss at 500 points, and a target of 113,600 to 113,000. If it breaks, look at 112,500.
For northward movement, consider 112,500 to 112,000, with a defense at 111,500, stop loss at 500 points, and a target of 113,000 to 113,500. If it breaks, look at 114,000.
The current price of Ethereum is 4,190. It is now 2 AM Beijing time. Before this article was published, the daily K-line reached a maximum of 4,204. The main force has been consolidating at the bottom. The first entry point for northward movement has been hit, but the profit margin has been compressed. The daily K-line has been consolidating around the EMA60 line at 4,160, while the main force has been supported at the 0.236 Fibonacci retracement level. This indicates that the support at 4,115 is effective, and it may be worth considering another northward move. It has been consolidating at a low level, with short-term pressure levels to watch at 4,205 and the EMA30 pressure level at 4,280. The support levels to watch are two key positions: one is 4,115 and the other is 4,000. The market may have some room for a short-term stretch, so the strategy suggests focusing on short positions at the upper pressure levels and not considering long positions for now.
Short-term reference:
For southward movement, consider 4,250 to 4,300, with a defense at 4,350, stop loss at 40 points, and a target of 4,200 to 4,150. If it breaks, look at 4,100 to 4,050.
For northward movement, consider 4,100 to 4,050, with a defense at 4,000, stop loss at 40 points, and a target of 4,150 to 4,200. If it breaks, 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, so the suggestions are for reference only, and risks are to be borne by you.
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 you. 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. Don't 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 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 happen unexpectedly. Develop the habit of strictly setting stop losses and take profits for each trade. The crypto circle academician wishes you happy investing!
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