The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the crypto circle scholars may not make you rich overnight, they can help you stay in the game. Only those who survive in the crypto world for the long term and persist until the end can achieve the results they desire. I hope you understand this.

Don't forget, the darkest moments are often just before dawn. On the road to pursuing dreams, you are never alone; you still have me.

I am a scholar in the crypto circle, a warrior who has always protected the retail investors. I wish my fans financial freedom by 2025. Let's work hard together!

Crypto Circle Scholar: Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 117,600. It is now 1:30 AM Beijing time. The target of 123,000 from the day before yesterday, combined with yesterday's resistance level of 119,000, has been reached. The remaining positions can continue to be held. For those who have not entered the market, it is advisable to observe. The daily K-line has now reached the EMA30 trend support point around 116,700. The next support level is the 0.786 Fibonacci retracement at 113,800. At the same time, the daily K-line has also broken below the middle band of the Bollinger Bands at 117,000 and is now consolidating around this level. The four-hour K-line has formed a small head and shoulders pattern, breaking the trend indicator and entering a bearish phase. The lower support of the Bollinger Bands has come to 116,300. Overall, if it does not drop below 117,000, there may still be a small pullback during the day. Pay attention to the resistance level of 118,500 for another downward move, maintaining a bearish outlook.

Short-term reference: Small losses and big gains are the goal.

For upward movement: 113,000 to 112,500, with a stop-loss at 112,000, risking 500 points. The target is 114,500 to 115,000, with a breakout target of 115,500 to 116,000.

For downward movement: 118,500 to 119,000, with a stop-loss at 119,500, risking 500 points. The target is 117,500 to 117,000, with a breakout target of 116,500 to 116,000.

Crypto Circle Scholar: Ethereum (ETH) Latest Market Analysis Reference

The current price of Ethereum is 4,420. It is now 1:30 AM Beijing time. From the current trend, there is no better downward entry point than 4,750. The daily K-line has broken below the neckline, and a bearish trend is emerging. Pay attention to the EMA15 trend support at 4,155 and the middle band of the Bollinger Bands at 3,960. The four-hour K-line has already broken below the EMA30 trend line at 4,478. The next support levels to watch are 4,286 and 4,140. The MACD is continuously decreasing in volume, and the main line shows that large whales are selling massive amounts of Ethereum, which may lead to a panic sell-off. The four-hour K-line has reached the lower band support of the Bollinger Bands at 4,400, which is the short-term support. If it breaks, it will continue to decline. From a trend perspective, the bearish sentiment is expected to continue in the short term, maintaining a bearish outlook and temporarily not considering long positions.

Short-term reference: Always set stop-losses; safety first.

For downward trial entry: 4,500 to 4,550, with a stop-loss at 4,600, risking 40 points. The target is 4,450 to 4,400, with a breakout target of 4,350 to 4,300.

For upward trial entry: 4,200 to 4,150, with a stop-loss at 4,100, risking 40 points. The target is 4,300 to 4,350, with a breakout target of 4,400 to 4,450.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication; the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the Crypto Circle Scholar and represents the scholar's unique viewpoint. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend arises, respond and follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Crypto Circle Scholar wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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