The essence of trading is survival, followed by 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.

I am a warrior in the crypto circle, always protecting the retail investors. I wish my followers financial freedom by 2025. Let's work hard together!

Bitcoin (BTC) Latest Market Analysis

As of the time of writing, the current price of Bitcoin is 104,700. Yesterday's article mentioned that the pressure level above 106,000 was not broken, leading to a downward movement. Currently, the daily K-line has a high of 106,250 and a low of 104,350, having moved over a thousand points. Don't rush; it’s not over yet. The EMA30 trend has first lost support at 105,000. Since it’s the weekend, I won’t write too much. Focus on the daily Bollinger Band lower support at 101,500. The four-hour trend shows the most obvious bearish momentum. After reaching the pressure level, it has pulled back down. The Bollinger Band lower support at 103,100 can serve as a short-term rebound point. If it further dips, there is a high possibility of continuing downward. Friends holding short positions can take profits in batches to lock in gains. Those who have not entered should continue to observe, waiting for a key support level near the 100,000 mark to consider entering long positions. Alternatively, wait for a stretch to test the pressure level near 106,000 before considering short positions.

Daily Point of Reference:

• For the range of 106,000 to 106,400, if it does not break, go short, targeting 105,500 to 105,000. If it breaks, look for 104,500 to 104,000, with a stop loss of 300 points.
• For the range of 106,000 to 106,400, if it breaks, go long, targeting 107,000 to 107,500. If it breaks, look for 108,000 to 108,500, with a stop loss of 300 points.

Ethereum (ETH) Latest Market Analysis Reference

As of the time of writing, the current price of Ethereum is 2,510. The daily K-line has a high of 2,580 and a low of 2,485. The three crows pattern from yesterday indicated a pressure level of 2,580, which is effective for a downward strategy. Currently, the four consecutive bearish candles have broken the EMA30 trend support at 2,520. Pay attention to the next key support at 2,375 and the Bollinger Band lower support at 2,400. The four-hour K-line is consolidating, and since it’s the weekend, there is a high probability of limited short-term movement. Therefore, friends who have not entered should basically rest today, as there is not much operational space. For those who have entered and are moving downward, if 2,500 does not break, there is a high probability of a small range correction. You can consider taking profits first and wait for a higher position to re-enter, or pay attention to the short-term support at 2,400 and the medium-term support at 2,370.

Daily Point of Reference:

• For the range of 2,580 to 2,610, if it does not break, go short, targeting 2,550 to 2,500. If it breaks, look for 2,450, with a stop loss of 30 points.
• For the range of 2,580 to 2,610, if it breaks, go long, targeting 2,650 to 2,700. If it breaks, look for 2,750, with a stop loss of 30 points.

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. When a trend comes, respond 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. Hard work is rewarded by heaven, goodness by earth, sincerity by humanity, trust by commerce, excellence by industry, and heart by art. 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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