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 form 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 110,800. It is now 1:30 AM Beijing time. The highest price before this article was 113,500. Yesterday's article clearly stated that if the market reached the resistance level of 114,000, it could go down. Now the market has also reached the trend support bottom of 110,800, and it can be cashed out. The space has exceeded 3,000 points, and cautious investors can exit. Aggressive investors can reduce their holdings. The daily K-line is very close to the lower Bollinger Band support at 109,800, but it has already reached the EMA120 support. The four-hour K-line has broken below the lower Bollinger Band, and the MACD bottom divergence continues, indicating that the market's downward exploration has not yet ended. The EMA trend indicator is also alternating downwards, forming a strong bearish trend. Now we need to see if the first support at 110,800 and the round number support at 110,000 can hold. Otherwise, there is a high probability of hitting the major support level at 108,200. Those who are not in a short position should not rush to enter the market.

Short-term reference:

For upward movement, reference 109,000 to 108,500, with a defense at 108,000, stop loss at 500 points, and a target of 110,000 to 110,500. If broken, look at 111,000.

For downward movement, reference 111,500 to 112,000, with a defense at 112,500, stop loss at 500 points, and a target of 111,000 to 110,500. If broken, look at 110,000.

Ethereum (ETH)

The current price of Ethereum is 3,918. It is now 1:30 AM Beijing time. The highest price before this article was 4,158. Currently, Ethereum is still breaking previous lows. The daily line has reached the EMA90 trend support at 3,917. If it breaks this level, pay attention to the EMA120 support at 3,718. In the short term, there is a need for a rebound because the main force has reached the trend support, and the lower Bollinger Band has been broken. Regardless of how the market moves, it will eventually return to the Bollinger Band channel. The four-hour K-line has continuously dropped, and the EMA trend indicator is alternating downwards, forming a strong bearish signal. The MACD continues to increase in bearish momentum, and with the lower band at 3,965 broken, all major indicators are expanding downwards. The market is still moving further down. Therefore, it can be judged that if 3,917 is lost, the bearish momentum will continue. Bears can continue to hold. Those who have not entered the market can pay attention to the short-term resistance level at 3,965 and continue to short if it retraces to the resistance level.

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

For downward movement, reference 3,965 to 3,995, with a defense at 4,035, stop loss at 40 points, and a target of 3,917 to 3,875. If broken, look at 3,825 to 3,785.

For upward movement, reference 3,800 to 3,750, with a defense at 3,700, stop loss at 40 points, and a target of 3,850 to 3,900. If broken, look at 3,950 to 4,000.

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 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 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 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 in investing. 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 comes 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 academician wishes you happy investing!

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