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' trades, following the wrong orders, and having a poor mindset, resulting in small gains and large losses. The saying "think thrice before acting" holds true; only well-considered entry points should be taken. 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 entry points allow for profit-taking or exiting the market.

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

Ethereum's intraday rebound continues, with prices breaking through multiple resistance areas, opening up space above and breaking the previous consolidation pattern. The price reached the 3425 level and faced resistance, entering a high-level consolidation phase, but support is slowly moving up. If it stabilizes around the 3400 line, further gains are expected, and a breakout can lead to long positions.

On the daily chart, there are consecutive large bullish candles breaking through, with a single-day increase of 245 points on July 16, accompanied by increased volume, forming a strong bullish engulfing pattern. On the weekly chart, after breaking through the 3000 psychological level, it accelerated upward. The current candlestick is far from the EMA7 moving average, indicating an overbought state. On the monthly chart, the MACD histogram is narrowing below the zero axis but has not yet formed a golden cross, and the long-term trend remains to be confirmed. MACD: The daily double lines are diverging upwards at a 45-degree angle, with DIF (177) and DEA (107) continuing to widen. On the hourly chart, signs of a top divergence appear, with short-term breakout upward and strong bullish sentiment, so our strategy shifts to buying on dips, with support focused on the 3200-3230 line.

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

7.17 Short-term Strategy Reference for Ethereum:

• Long suggestion: 3500-3445, stop-loss 30 points, target below 3400.
• Short suggestion: 3220-3255, defend at 3120, stop-loss 30 points, target near 3400.

7.17 Short-term Strategy Reference for Bitcoin:

• Long suggestion: 120500-121800, defend at 123900, stop-loss 500 points, target below 119300.
• Short suggestion: 116500-117500, defend at 115050, stop-loss 500 points, target above 118000.

The points are time-sensitive, and there may be delays in posting, so please refer to real-time market conditions. 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, please follow the mentor's public account: (Cryptocurrency Market Minghui). The top ten each day can receive free exit strategies.

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