The essence of trading is survival, followed by profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your principal is safe. You need to develop your own trading mindset, continuously optimize and improve it. The advice of the cryptocurrency academician may not make you rich overnight, but it can ensure that you always have a chance. Only those who survive in the cryptocurrency market in the long term and persist until the end can achieve the results they desire. I hope you can understand.

The secret of trading is to wait. It is purposeful. When trading trends, wait for the pullback. When trading oscillations, wait for the high and low points. When seizing rebounds, wait for the volume to increase. When trading breakouts, wait for the pullback. When probing and bottom-fishing, wait for the reversal, isn't that right?

I am a warrior who has always been protecting the "leeks" in the cryptocurrency market. I wish my fans to achieve financial freedom in 2024. Let's work together!

Cryptocurrency Academician: Ethereum (ETH) Latest Market Analysis Reference for July 1, 2024

As the three moving averages are about to close, as of 3 am before the deadline, Ethereum is trading near 3420. The daily, weekly, and daily K-line charts all show a small-scale pullback, but there is still a distance from the upper trend pressure level of around 3520. This can be considered a pullback for now. As mentioned earlier, don't trade if the trend doesn't adjust, after all, the overall trend is still bearish. The first resistance level above is around 3460, breaking through which will lead to 3500. KDJ is opening upwards, and the Bollinger Bands are contracting while the MACD is showing reduced volume and increased capital. The DIF and DEA are shrinking at a low level. In the short term, there is a pullback, but as long as the long-term trend doesn't break the pressure level, it remains bearish.

The four-hour K-line has moved away from the EMA30 and is challenging the EMA60 pressure level at 3430. Pay attention to the top pressure level at 3495. KDJ is opening upwards and spreading, while the Bollinger Bands are flat. The K-line has broken the middle track at 3410, and the upper track is around 3467. The MACD is ending the reduced volume and starting to increase the volume, with the DIF and DEA forming a golden cross. The overall trend is biased towards the long side, but there are multiple resistance levels above, making it difficult for the bulls to move upwards. The market trend is still in a consolidation phase intraday.

Short-term trading strategy reference: (Do not chase empty positions in the event of sharp rises and falls)

• Short positions can be established in the 3520 to 3530 range, with a defensive position at 3600 to 3620 for adding to short positions, with a stop loss of 30 points. The exit target is a free fall of 100 to 200 points.

• Long positions can be established in the 3330 to 3300 range, with a defensive position at 3250 to 3230 for adding to long positions, with a stop loss of 30 points. The exit target is around 3400, with a secondary target around 3450.

Specific operations should be based on real-time market data. For more information, please consult 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 Cryptocurrency Academician and represents the academician's exclusive viewpoint. The viewpoints and suggestions for BTC, ETH, DOGE, DOT, FIL, EOS, etc., are based on in-depth research. Due to the timing of the article's release, the above viewpoints and suggestions are not real-time and are for reference only. Trade at your own risk. Please indicate the source when reposting, and control your positions reasonably. Do not overexpose or fully expose your positions. The academician also hopes that investors understand that the market is always right. If you make a mistake, you should reflect on your own problems and not let the potential 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. It's never too late to act after waiting for the trend to become clear. Tomorrow's success comes from today's choices. The heavens reward diligence, 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 habit of strictly setting stop-loss and take-profit levels for each trade. The Cryptocurrency Academician wishes you a pleasant investment experience!

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