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 cryptocurrency community may not make you rich overnight, they can help you stay in the game. Only those who survive in the cryptocurrency space 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 your dreams, you are never alone; you still have me.

I am a warrior in the cryptocurrency community, always protecting the investors. I wish my fans financial freedom by 2025. Let's work hard together!

Bitcoin (BTC)

The current price of Bitcoin is 112,500. It is now 1:30 AM Beijing time. Before this report, the daily K-line reached a high of 113,430, and yesterday it dropped to 113,000. Since you have entered the market, focus on defense and set your stop-loss, then hold on with peace of mind. The daily K-line is clearly facing resistance at the 0.786 pressure level, and the EMA15 trend line at the top also forms a pressure point. The probability of continuing to push up in the short term is low. The main force is likely to consolidate in the range of 110,000 to 113,000. The four-hour K-line shows this more clearly, as the main force has pulled back after a continuous rise to EMA60, starting from 113,400. Pay attention to the support levels at 112,000 and the middle band of the Bollinger Bands at 111,300. The strategy remains to hold short positions until the pressure level is effectively broken, and then consider moving north after testing the support.

Short-term reference

Northward entry point: 111,000 to 110,500, with a defense at 110,000, stop-loss of 500 points, target at 111,500 to 112,000, and if broken, look at 112,500 to 113,000.

Southward entry point: 113,000 to 113,500, with a defense at 114,000, stop-loss of 500 points, target at 112,500 to 112,000, and if broken, look at 111,500 to 111,000.

Ethereum (ETH)

The current price of Ethereum is 4,475. It is now 1:30 AM Beijing time. Before this report, the daily K-line reached a high of 4,633. The short position at the high is still being held; for specific details, please refer to previous posts. The daily line has continuously faced resistance at high levels, forming a clear pressure range. The MACD is shrinking and accumulating, and with the Bollinger Bands contracting, the K-line has tested the middle band at 4,460 several times. There is some space for a short position, but it shouldn't be held for too long. The four-hour K-line has reached the support of the rising trend at 4,450, coinciding with the EMA90 support. Currently, this position is strong support; if it holds, there is a demand for a rebound. If it breaks, it will continue to test down to 4,400. Pay attention to the lower band of the Bollinger Bands at 4,365. With the weekend approaching, the market is stabilizing, so sideways fluctuations are the norm. The strategy is to go long after the bears encounter clear support, with the top pressure level around 4,600. Regardless of whether you are long or short, consider exiting if the previous high or low is broken.

Short-term reference

Southward entry point: 4,600 to 4,640, with a defense at 4,480, stop-loss of 40 points, target at 4,550 to 4,500, and if broken, look at 4,450 to 4,400.

Northward entry point: 4,450 to 4,400, with a defense at 4,350, stop-loss of 40 points, target at 4,500 to 4,550, and if broken, look at 4,600 to 4,650.

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

This article is exclusively contributed by the cryptocurrency community scholar and represents the scholar's unique views. 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 views and suggestions may not be real-time and are for reference only. Risks are to be borne by you. 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. Don't let the profits that should be yours slip away. There is no need to be smarter than the market in investing. When a trend comes, respond to 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-loss and take-profit for each trade. The cryptocurrency community scholar wishes you happy investing!

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