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 losing trades, and not using stop-loss orders. 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.

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

Ethereum broke upward yesterday, with prices rising strongly as expected. It is currently breaking upward continuously, with the high reaching around 4070, and an intraday increase of over 200 points. The market is in a one-sided upward rhythm, and if the price can break through the 4100 line, the increase is expected to continue further.

From the daily chart, the trend shows three consecutive bullish candles, with prices continuously testing upward against the five-day moving average. Overall bullish sentiment is strong, and after a short-term breakout, the increase is remarkable. The four-hour chart shows consecutive bullish candles breaking the previous high of 3950 and standing above the 4000 mark, forming a strong breakout pattern. The one-hour chart shows a long upper shadow at the 4071 position, indicating short-term selling pressure above 4000. MACD: The four-hour level DIF (105.2) crosses above DEA (77.6), with the histogram continuously expanding, but the daily level shows a top divergence. EMA: Prices are stable above EMA7 (3962.7) / EMA30 (3779.1), forming a bullish arrangement, but deviating too far from the 120-day moving average (3610.3), indicating a short-term pullback trend. Therefore, it is advisable to follow the trend and go long, while being cautious with short positions. Currently, the support levels to watch below are 3950 and 3980.

8.9 Short-term Strategy Reference for Ethereum:

• Long position suggested above 4110, with a stop-loss of 30 points, target below 3900.
• Short position suggested between 3905-3980, with a defense at 3960, stop-loss of 30 points, target above 4000.

8.9 Short-term Strategy Reference for Bitcoin:

• Long position suggested between 117500-118500, with a defense at 119800, stop-loss of 500 points, target below 116800.
• Short position suggested between 116200-115200, with a defense at 113500, stop-loss of 500 points, target above 117000.

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 orders! If you need analysis on other cryptocurrencies, feel free to comment privately. Friends who like this can support by liking. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Cryptocurrency Market Minghui) for ways to add: the first ten each day can receive free exit strategy provision.

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