The essence of trading is survival, and only then is it about 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 Hongwei on cryptocurrency may not make you rich overnight, they can ensure your presence in the market. 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.

Currently, Ethereum is still in a downtrend on the 4-hour chart, with resistance at 4670 due to a doji star above, and a take-profit position can be set at 4520 below. Overall, it is at the middle band of the Bollinger Bands, and combined with the upper resistance of the downtrend line, a bearish outlook is suggested.

For Bitcoin, the resistance level is at 116500, and the support level is at 1147. Currently, Bitcoin is bearish. This decline is still influenced by Ethereum; after Ethereum hit a high, it began to decline and then started to oscillate. There are not many favorable factors for Bitcoin at the moment.

In the 15-minute chart, two doji stars have appeared, so combined with the 4-hour chart, there is still considerable profit potential.

**—— I am Hongwei, a teacher focused on technical analysis. Friends who have any questions about operations or trends can communicate and learn with me! Let's share and profit together! Remember Hongwei, always available 24/7, follow Hongwei and you won't get lost!

【The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow Hongwei's real-time strategies.】**

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