The essence of trading is survival, followed by 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 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 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 110,700. It is now 1:30 AM Beijing time. Before this article was published, Bitcoin's daily K-line reached a high of 113,400. The non-farm payrolls were below expectations, and the market is effectively moving south. What we need to do now is to hold patiently and execute 100%. After the daily K-line was quickly pulled up due to the non-farm impact, it formed a long upper shadow and broke the trend indicator. Now it is starting to test the support at the 110,000 mark, with a bearish trend taking shape. Pay attention to the EMA120 trend support at 109,500 and the major support at the 0.618 Fibonacci level at 105,400. The four-hour K-line has ended its range and returned to the initial consolidation point. The MACD has expanded, and the DIF and DEA have formed a death cross at a high position. The K-line has also broken below the middle band of the Bollinger Bands at 111,150. The lower band is at 109,500. The short-term consolidation point coincides again at 109,500. Therefore, the weekend's market is likely to fluctuate around 110,000. Friends who cannot hold can consider taking profits and exiting after a drop below 110,000. Those who can hold can continue to look down after locking in profits at 110,000.

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

For a northern test point, 110,000 to 109,500, if broken, look at 109,000, with a stop loss of 500 points and a target of 111,000 to 111,500, if broken, look at 112,000.

For a southern test point, 112,500 to 113,000, if broken, look at 113,500, with a stop loss of 500 points and a target of 112,000 to 111,500, if broken, look at 111,000.

Ethereum (ETH)

The current price of Ethereum is 4,292. It is now 1:30 AM Beijing time. Before this article was published, Ethereum's daily K-line reached a high of 4,494. Yesterday, it attempted to move south four times at 4,470, and today, before publication, it chose to move south again at 4,470. Congratulations to friends who have been taking advantage of the non-farm payrolls once a month. After the non-farm payrolls caused a stretch that impacted the previous high, the daily K-line has retraced to the previous low EMA30 support point at 4,275, which is currently facing resistance. The next support point to watch is 4,065, which is the 0.786 Fibonacci level. The lower band of the Bollinger Bands supports at 4,050. The four-hour K-line has continuously faced resistance at the bottom support of 4,275 and is attempting to test the lower support again before publication. As the saying goes, a support level that is held for too long will eventually break. Therefore, you can continue to hold while moving south. For friends moving north at 4,275, it is recommended to pay attention to the lower band of the Bollinger Bands support at 4,220. If it breaks, it is advisable to stop loss and exit. The main bearish mindset remains unchanged, so be cautious when chasing long positions.

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

For a southern test point, 4,440 to 4,480, if broken, look at 4,530, with a stop loss of 30 points and a target of 4,400 to 4,350, if broken, look at 4,300 to 4,250.

For a northern test point, 4,250 to 4,200, if broken, look at 4,150, with a stop loss of 30 points and a target of 4,300 to 4,350, if broken, look at 4,400 to 4,450.

From 4,065 to 4,035 moving north, defend at 4,000, with a stop loss of 30 points and a target of 4,100 to 4,150, if broken, look at 4,200.

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, and the suggestions are for reference only; risks are 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 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 summarize 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 in investing. 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. 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 academician 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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