Cryptocurrency Circle Minghui: 8.4 Bitcoin (BTC) Ethereum (ETH) today's latest market analysis reference, including strategy reference.

CN
5 hours ago

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 stem 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 signals, and having a poor mindset, leading to 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, with significant price differences. If one is reluctant to take a loss, they can only endure. Stable entry points allow for profit-taking or withdrawal.

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

Ethereum rebounded slightly after retracing to around 3450 yesterday, with prices fluctuating around the 3500 level, but it has not broken through the short-term resistance at 3530, leading to a consolidation pattern. The day has continued with narrow fluctuations, and as of now, the price range is not large, and the consolidation pattern has not broken.

On the short-term chart, the price is operating in the middle track area, maintaining consolidation, with daily support slowly moving up. If the price can break through the 3350 resistance, there is a possibility for further movement towards the 3600 resistance level. Please be prepared. The support below is around the 3430 level, and the resistance above is at 3550. It is recommended to focus on buying on dips.

8.4 Short-term Strategy Reference for Ethereum:

  • Buy suggestion at 3560-3620, stop-loss at 30 points, target below 3510.

  • Buy suggestion at 3430-3375, defend at 3200, stop-loss at 30 points, target around 3500.

8.4 Short-term Strategy Reference for Bitcoin:

  • Buy suggestion at 115500-116500, defend at 118500, stop-loss at 500 points, target below 113300.

  • Buy suggestion at 112000-113000, defend at 109500, stop-loss at 500 points, target above 114000.

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 privately. Friends who like this can support with likes. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin in the Crypto Circle) for addition methods: the first ten each day can receive free exit strategy advice.

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