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 withdrawal.

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

After Bitcoin faced pressure at the 3673 level the day before, it quickly retraced. Yesterday, it attempted a rebound but failed, leading to another wave of retracement. Currently, the price has pulled back to around 3475. The market shows strong recovery potential, with the coin price returning above 2500. If it cannot break and stabilize above the 2600 resistance, there remains a risk of continued oscillation and correction. It is advised that everyone prepares in advance.

On the short-term hourly chart, the price has touched the low of around 3475 and is showing a rebound. The trend is still operating in the mid to upper range, with short-term resistance moving downwards. Additionally, the daily upper gap has not been closed. Once the correction is complete, the trend is expected to refresh the highs again. Currently, the trend maintains a weak oscillation, and the daily level of increase is continuing. Therefore, Minghui suggests that in the corrective market, one can grasp high short and low long positions. The upper resistance to watch is around 3600, and the lower support is around 3470.

7.20 Ethereum Short-term Strategy Reference:

• Suggestion: 3600-3685, stop-loss 30 points, target below 3600.
• Suggestion: 3510-3555, defend at 3120, stop-loss 30 points, target around 3600.

7.20 Bitcoin SMS Strategy Reference:

• Suggestion: 120000-119000, defend at 121900, stop-loss 500 points, target below 118500.
• Suggestion: 117000-116000, defend at 114500, 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, it is emphasized to manage risk well; no matter how confident you are in your future market judgment, always set your take-profit and stop-loss! 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 first ten daily can receive free exit strategy advice.

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