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 cryptocurrency circle academicians may not make you rich overnight, they can help you persist. Only those who survive in the cryptocurrency 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 your dreams, you are never alone; you still have me.

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

The current price of Bitcoin is 112,800. It is now 1 AM Beijing time. Before this article was published, the highest daily K-line reached 113,250. The first entry point for the southbound has been hit. The daily K-line focuses on the first resistance level at 113,500, with bottom support at 111,300. The main force has pulled back to the middle track resistance level of the Bollinger Bands. The MACD has formed a death cross, and the bearish momentum remains unchanged. The four-hour K-line shows a clear cup-and-handle pattern, pulling back to the upper resistance level. Short-term indicators show signs of a short-term bullish trend, but the overall trend remains bearish. The MACD shows a decrease in volume with clear bottom divergence. Pay attention to the four-hour Bollinger Bands middle track pressure at 114,000. As long as the middle track is held, the bearish trend will continue, and the southbound trend will not change.

Short-term reference:

For southbound, reference 113,000 to 113,500, with a defense at 114,000, stop loss at 500 points, and a target of 112,500 to 112,000. If broken, look at 111,500.

For northbound, reference 111,500 to 111,000, with a defense at 110,500, stop loss at 500 points, and a target of 112,000 to 112,500. If broken, look at 113,000.

The current price of Ethereum is 4,190. It is now 1 AM Beijing time. Before this article was published, the highest daily K-line reached 4,230. The short-term resistance is very strong. The main force needs more volume to initiate a bullish northbound trend. The daily K-line has been consolidating along the EMA60 trend line, with bottom support at 4,115 and Bollinger Bands support at 4,125. The four-hour K-line shows a clear descending flag pattern. The EMA15 fast line has reached 4,255. The MACD shows a decrease in volume, with the DIF and DEA contracting at low levels, indicating a short-term golden cross and bottom divergence, suggesting effective upper space. After the main force stretches in the next wave, friends who have not entered southbound can take the opportunity to go south, with the defense point focusing on the middle track of the Bollinger Bands at 4,320.

Short-term reference:

For southbound, reference 4,250 to 4,300, with a defense at 4,350, stop loss at 40 points, and a target of 4,200 to 4,150. If broken, look at 4,100 to 4,050.

For northbound, reference 4,100 to 4,050, with a defense at 4,000, stop loss at 40 points, and a target of 4,150 to 4,200. If broken, look at 4,250 to 4,300.

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

This article is exclusively contributed by the cryptocurrency 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. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond 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 cryptocurrency circle academician wishes you happy investing!

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