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.

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 hard together!

Cryptocurrency Academician: Ethereum (ETH) Latest Market Analysis Reference for July 5, 2024

Someone has to provide a reference position for everyone. After all, this wave of liquidation has caused a lot of distress in the market. Since Ethereum broke through 3950, I have been mainly shorting. The strategy has always been to short on the rebound pressure. How long has it been? Have my followers managed to avoid this wave of liquidation? As I always say, the essence of trading is survival. Learn how to survive in this market first, otherwise, you will be decentralized sooner or later.

Let's take a look at today's market. As of half past midnight, Ethereum is trading around 3120, with the daily K-line reaching a high of around 3310 and a low of around 3085. It has fallen below the key support point of 3300 indicated by the EMA trend indicator. The market has seen rapid ups and downs, so it's best to stay out of the market and wait for opportunities. The MACD volume continues to shrink, and the DIF and DEA are diverging downwards. The KDJ is plunging, and the lower Bollinger Band has been breached at 3230, indicating strong bearish sentiment.

The four-hour K-line has continuously broken the previous low, reaching a low of around 3085. The EMA trend indicator is showing signs of downward divergence, and the EMA15 fast line has accelerated to around 3280. At this rate, it is expected to face pressure around 3200 during the day. The MACD volume has shown short-term increased funding, indicating that the 3100 support level below is effective, and the short-term main force will consolidate here. The KDJ is contracting, the Bollinger Band is opening downwards, and the K-line is alternately diverging around the lower Bollinger Band at 3110. The strategy remains mainly short. As I always say, if the overall trend is bearish, then the strategy should not deviate. Those who are prudent should stay out of the market and wait.

For aggressive short-term strategies:

Do not short if it does not break through 3170 to 3180, set a stop loss at 3210, and target the range of 3130 to 3110. If it breaks through, target the range of 3070 to 3060.

For long positions, consider entering slightly lower at 2850 to 2830, defend at 2760 to 2750, set a stop loss of 30 points, and target the range near 3000 for profit-taking.

Please refer to real-time market data for specific operations. 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 analysis and suggestions for BTC, ETH, DOGE, DOT, FIL, EOS, etc., are based on in-depth research. Due to the timing of article publication, the above viewpoints and suggestions are not real-time and are for reference only. Reprinting requires proper attribution. Manage your positions reasonably and avoid heavy or full 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 issues and not let the potential profit 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 wait. It's not too late to act after the trend becomes clear. Tomorrow's success comes from today's choices. The law of nature rewards hard work, the earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards passion. Gains and losses happen inadvertently. Develop the habit of strictly setting stop-loss and take-profit for each trade. The Cryptocurrency Academician wishes you a pleasant investment experience!

Friendly reminder: The content above is created by the author's public account. The advertisements at the end of the article and in the comments section are not related to the author. Please discern carefully, and thank you for reading.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。