The essence of trading lies in the ability to find opportunities, to plan before acting, and to strategize effectively. This has always been the key to Minghui's success in the market. Many people fail due to chaotic operations, lack of planning, and no strategy. Most losses occur from locking positions, holding onto trades, and not using stop-losses. The root cause is often a lack of skills and ideas, blindly trusting others' operations, following the wrong trades, and having a poor mindset, resulting in small gains and large losses. The saying "think thrice before acting" holds true; only well-considered points should be entered. Aggressive points can leave traders in a dilemma, either catching the highest or lowest points, leading to significant price differences. If one is reluctant to take a loss, they can only endure. Stable points allow for profitable exits or graceful withdrawals.

7.7 Cryptocurrency Market Analysis by Minghui: Ethereum (ETH) Strategy Analysis Reference

Ethereum retraced yesterday and attempted to rise again, but unfortunately, the upward momentum was weak, and the price failed to reach new highs, facing resistance around 2605 and pulling back. Currently, the price is running around 2570, and the market has entered a high-level consolidation phase. It is not recommended to blindly chase long positions during the day.

From the four-hour chart, the Bollinger Bands are narrowing, and the market is retracing within the upper-middle band area. Support is slowly moving up. Although the short-term trend appears to be stuck, the bulls still hold an overall advantage, and the market is in a fluctuating upward trend. Therefore, the operation should focus on buying on dips, with selling on rebounds as a supplement. Pay attention to the resistance at the 2610 level above and the support in the 2480-2500 range below.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account: (Cryptocurrency Market Minghui). The top ten each day can receive free exit strategies.

7.7 Short-term Strategy Reference for Ethereum:

• Long suggestion: 2585-2635, defend at 2780, stop-loss 30 points, target below 2520.
• Short suggestion: 2485-2435, defend at 2300, stop-loss 30 points, target around 2510.

7.7 Short Message Strategy Reference for Bitcoin:

• Long suggestion: 109800-100800, defend at 112000, stop-loss 500 points, target below 107800.
• Short suggestion: 107000-106000, defend at 104550, stop-loss 500 points, target above 108000.

The points are time-sensitive, and there may be delays in posting, so please refer to real-time market conditions. Once again, emphasize risk management; no matter how confident you are in your future market predictions, always set your take-profit and stop-loss levels! If you need analysis on other cryptocurrencies, feel free to comment or message privately. Friends who like this, please give more likes and support. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account: (Cryptocurrency Market Minghui). The top ten each day can receive free exit strategies.

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