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 academicians may not make you rich overnight, they can help you stay in the game. Only those who survive in the crypto 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 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 108,800. It is now 1:30 AM Beijing time. Before this report, the daily K-line reached a high of 108,900. The market has returned to the position it was at before yesterday's report. On the last day of the week, the weekly line is likely to be blocked near the EMA15 trend line at 110,400. Further exploration of the bottom will have to wait until next week. After the daily K-line broke below EMA120, the overall trend has entered a bearish phase. The support to watch below is the 0.618 Fibonacci retracement level at 105,400. The 4-hour K-line has retraced to the short-term 0.618 support before starting to pull back. Watch the resistance points at 109,500 and the 110,700 range above. The MACD has formed a bottom divergence, indicating that the short-term bottom exploration is not yet over. The strategy is to focus on shorting at the upper resistance levels. For those who prefer to go long, don't rush; opportunities will come soon, so be patient.

Short-term strategy reference

Long entry point: 106,500 to 106,000, with a stop-loss at 105,500, risking 500 points. Target: 107,000 to 107,500, with a breakout target of 108,000 to 108,500.

Short entry point: 109,500 to 110,000, with a stop-loss at 110,500, risking 500 points. Target: 109,000 to 108,500, with a breakout target of 108,000 to 107,500.

Ethereum (ETH)

The current price of Ethereum is 4,363. It is now 1:30 AM Beijing time. Before this report, the daily K-line reached a high of 4,415. The entry point for going short at 4,450 was not reached. Since the market has not entered the trading range, just continue to wait. It's the weekend, so take a break. Currently, the daily K-line is blocked at the EMA15 line at 4,430. The support to watch below is at 4,240 and the 0.786 support at 4,065. According to historical trajectories, the rebound has not yet ended. Although the short-term trend has turned bearish, the larger support still exists. After the 4-hour K-line contracted, the EMA trend indicator showed a double-line death cross downwards. The MACD shows a clear bottom divergence, and the DIF and DEA are contracting below the zero line, with a potential golden cross appearing in the short term, indicating that the upper space has not yet been fully explored. If you want to go short, you need to wait for this wave of stretching to finish before entering. For those looking to go long, it is recommended to watch the lower Bollinger Band support at 4,250 and the Fibonacci support at 4,065 for entry.

Short-term reference

Short entry point: 4,450 to 4,500, with a stop-loss at 4,550, risking 40 points. Target: 4,400 to 4,350, with a breakout target of 4,300 to 4,250.

Long entry point: 4,200 to 4,150, with a stop-loss at 4,100, risking 50 points. Target: 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 the publication of this article, so the suggestions are for reference only, and risks are to be borne by the reader.

This article is exclusively contributed by the crypto circle academician and represents the unique views of the academician. 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 the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The academician 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. 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 stems from today's choices. Hard work is rewarded by heaven, goodness by earth, sincerity by humanity, trust by commerce, excellence by industry, and heart by art. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-loss and take-profit for each trade. The crypto circle academician wishes you happy investing!

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