As a senior figure in the currency circle, I have always been committed to providing helpful advice to everyone, hoping that everyone will take fewer detours and make fewer mistakes in this market. Although I have been earnestly advising, the road to investment still needs to be explored by oneself, and learning is endless. The experience gained is the real wealth!

Let's first review the operating rules from yesterday. The entry points for long positions in Bitcoin and Ethereum did not reach yesterday, so we chose to go short in the 70000 and 70500 range, with a stop loss at 70800 (stopped out). Ethereum was positioned in the 3450 and 3500 range, with a stop loss at 3550 (stopped out).

Yesterday's market can be seen as a unilateral stretch by the main force, breaking through the pressure level continuously. Therefore, the stop loss was triggered yesterday. What I want to say is that stop loss is just a preliminary part of our trading, but it does not mean that we have lost the opportunity. This is something we will experience in our trading and does not represent our failure. Therefore, we can take this experience as an opportunity for growth and learning, analyze the reasons for the stop loss and this situation, and avoid similar mistakes in the future.

Another thing is to let go of emotions, because stop loss can cause some friends in the currency circle to feel disappointed, frustrated, or even angry. However, excessive emotions will hinder our progress. Therefore, I believe we should remain rational and calm, which will help us make wise decisions.

Another important point is to review the trades carefully before the stop loss, including market analysis, risk management, and whether there are specific events or factors causing the market to rise. By reviewing the trades, we can find errors, improve methods, adjust strategies, test new strategies through small trades, gradually implement them in real trading, set goals, adjust risk tolerance, profit targets, and trading frequency, and establish clear objectives.

I will take yesterday's stop loss as a learning opportunity, continuously improve my trading skills, and work hard to recommend and believe in my own abilities. I will always remain calm and focused.

I wish my fans to achieve financial freedom in 2024. Let's go together!

Currency Circle Academician: Bitcoin (BTC) Latest Market Analysis Reference as of 2024.4.9

As of the time of writing, the current price of Bitcoin is near 71450, which is close to the opening and closing prices of the weekly line for three consecutive weeks. Therefore, the overall trend is likely to be affected by yesterday's market stretch, and the market is likely to undergo horizontal correction today (increased market greed). The overall trend on the weekly line appears to be bullish, but it is actually standing on shaky ground (large-scale washing may occur at any time). It is important to develop the habit of using stop loss to prevent being washed out.

Looking at the daily K-line, the highest point yesterday was near 72850, which is still 1000 points away from the historical high point near 73850. The EMA trend indicator has once again risen to a high level, indicating a strong bullish trend. KDJ is expanding upwards, MACD is decreasing in volume, and the main force has been increasing for five consecutive days. DIF (1335) and DEA (1385) are closing at high levels. Yesterday's K-line hit the Bollinger Band upper resistance level of 72800, leading to the Bollinger Band upper resistance level continuing to rise to the current 73200. The daily K-line opened today at 71650 and is expected to consolidate near 71000.

Looking at the current four-hour trend, the K-line has moved far away from the EMA trend line indicator, with the current price at 71450 and the EMA trend indicator at 70800. It is expected that the K-line will retest this support level. KDJ is showing a bearish crossover and expanding downwards, indicating a short-term bearish trend of around 500 points. Remember to take profits. MACD's increasing volume has started to weaken, and the main force has not continued to increase, indicating a lack of upward momentum in the absence of additional main force accumulation. Therefore, without additional main force accumulation, the K-line is not likely to experience a breakout in the short term. Horizontal correction is the norm. The Bollinger Band is open, returning to the upper resistance level of 71500 and the middle support point of 69600. The specific strategy is as follows:

Stable first, adjust and deviate slightly from the pressure support.

First long entry point: 71000, second long entry point: 70500, stop loss: 70000.

First short entry point: 71800, second short entry point: 72400, stop loss: 72800

(It is very likely to retest yesterday's high point and may even challenge the historical high point)

Please refer to real-time market data for specific operations. More information can be obtained by consulting the author. The article is published with a delay and is recommended for reference only. Trade at your own risk.

Currency Circle Academician: Ethereum (ETH) Latest Market Analysis and Reference Suggestions as of 2024.4.9

Yesterday's market for Ethereum saw a unilateral upward trend. After the weekly line opened yesterday, it closed the gap from the previous week, surged to a high level, and the opening and closing points of the previous three weeks were near 3650. It is expected to retest this level and move within a range. The overall trend of the K-line is much stronger than that of Bitcoin, with most indicators leaning towards bullishness, and there is more room for upward movement (there is a high probability of a space for a rebound in the later stage).

Looking at the daily K-line as of the time of writing, it is near 3700. There is expected to be a short-term decline, and a space of up to 50 points can be freely captured. Currently, the EMA trend indicator shows a trend of three lines crossing upwards. The U-shaped trend broke the previous high at the moment it was formed, and KDJ also took the opportunity of this golden cross to expand upwards. After the decrease in volume and the end of the increase in funds, MACD began to increase in volume, and DIF and DEA just ended the divergence and entered the trend of a golden cross below the 0 axis, forming a trend of divergence. Before the end of the divergence, there will be no large-scale fluctuations in the market. After the K-line hit the upper resistance level of the Bollinger Band at 3730 and fell back today, it is still below the upper resistance level (horizontal consolidation).

Looking at the current four-hour ultra-short trend, after the previous K-line hit 3730 and closed with a bearish candle, a long upper shadow line appeared, which will have a certain impact on today's trend after the opening. It is expected to have a range of decline. Therefore, the support point below is near 3650, providing a good range of 50 points for profit-taking. The EMA trend indicator is still expanding upwards, and until the alternating upward trend ends, the bullish trend will not end. Therefore, the pullback is only temporary. The K-line has returned to the inside of the Bollinger Band, and there is no further increase in funds, indicating insufficient upward momentum. In the short term, there will be a pullback, KDJ is closing downwards, and overall, the trend is a horizontal trend. The specific reference suggestions are as follows:

First long entry point, pay attention to 3665, second long entry point, pay attention to 3620, long entry stop loss point, 3590,

First short entry point, pay attention to 3730, second short entry point, pay attention to 3770, short entry stop loss point, 3800,

(Entry points are outside the pressure and support levels, with a slight adjustment to the range, stability first)

Please refer to real-time market data for specific operations. More information can be obtained by consulting the author. The article is published with a delay and is recommended for reference only. Trade at your own risk.

This article is exclusively provided by the Currency Circle Academician and represents the Academician's exclusive viewpoint. The viewpoints and suggestions for BTC, ETH, DOGE, DOT, FIL, EOS, etc., are not real-time due to the timing of article publication and are for reference only. Trade at your own risk. Reprinting should indicate the source. It is important to control your position reasonably and avoid heavy or full positions. The Academician also hopes that investors understand that the market is always right. If you are wrong, you should summarize your own problems and not let the profits slip away. There is no need to be smarter than the market in investing. When the trend comes, follow it; when there is no trend, observe and be patient. Wait until the trend becomes clear before taking action. Today's success comes from today's choices. The universe rewards hard work, the earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards heart. Gains and losses are all in the details. Develop the strict habit of using stop loss and take profit for each trade. The Currency Circle Academician wishes you a pleasant investment!

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