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 form 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 persist. Only those who survive in the crypto space for the long term and stick it out 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 warrior in the crypto circle, always protecting the retail investors. I wish my fans financial freedom by 2025. Let's work hard together!

Bitcoin (BTC)

The current price of Bitcoin is 108,700. It is now 1:30 AM Beijing time. The highest price before this article was published was 112,600. The content from yesterday's article about going south continues to hold. The short-term trend has already lost the key level of 109,400. There is a high probability of testing the major support level of 105,400 at 0.618. The short-term trend shows a tendency to pull back. The daily K-line is testing the lower Bollinger Band support at 108,000. There is a demand for a pullback. The four-hour K-line has reached short-term support, and MACD continues to shrink in volume, indicating a continuation of the bearish trend. At least for now, the overall trend is bearish. The lower Bollinger Band at 108,650 has also been lost. For those who haven't entered the market to go south yet, don't rush. Wait for the pullback resistance level of 110,500 before considering a layout. Be cautious for now.

Short-term strategy reference

Going north trial entry point: 108,000 to 107,500, with a stop-loss at 107,000, risking 500 points. The target is 108,500 to 109,000, with a breakout target of 109,500 to 110,000.

Going south trial entry point: 110,000 to 110,500, with a stop-loss at 111,000, risking 500 points. The target is 109,500 to 109,000, with a breakout target of 108,500 to 108,000.

Ethereum (ETH)

The current price of Ethereum is 4,335. It is now 1:30 AM Beijing time. The highest price before this article was published was 4,515. After Ethereum reached 4,300, I took all profits without hesitation. The market has reached the target, so I cleared everything for profit. As for the entry point, wait for the next opportunity. The daily K-line bottom support focuses on the EMA30 line at 4,230 and the 0.786 support at 4,065. The key level is at 4,065, which coincides with several major trend supports. The four-hour K-line has broken the upward trend line, and now support has turned into resistance. The K-line has broken the trend indicator and is oscillating downwards around the lower Bollinger Band at 4,310. The daily low has already reached 4,265. The strategy is to short at highs and long at lows, focusing on the two levels of 4,230 and 4,065.

Short-term reference

Going south trial entry point: 4,450 to 4,500, with a stop-loss at 4,550, risking 40 points. The target is 4,400 to 4,350, with a breakout target of 4,300 to 4,250.

Going north trial entry point: 4,200 to 4,150, with a stop-loss at 4,100, risking 50 points. The target is 4,250 to 4,300, with a breakout target of 4,350 to 4,400.

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, and the suggestions are for reference only; risks are to be borne by yourself.

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 to be borne by yourself. 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 summarize 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. When a trend comes, respond to it 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 comes 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 happen unexpectedly. Develop the habit of strictly setting stop-loss and take-profit 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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