The fundamental of trading is survival, followed by profit. Therefore, before each operation, think carefully about whether your action is reasonable and whether the principal is safe. Develop your own trading strategy and continuously optimize it. The advice from crypto scholars may not make you rich overnight, but it can help you survive in the crypto market in the long term. Only those who persist until the end can achieve the results they want. I hope you understand.
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Crypto Scholar: Latest Market Analysis for Bitcoin (BTC)
Bitcoin is currently priced at 117,800. It is 1:30 AM Beijing time. The highest point on the daily K-line before this report was 118,575. Our entry point yesterday was 118,500, which you can reference. The upper resistance has not been broken. With an effective southward movement, the third southward opportunity is ready to enter. There is a clear resistance on the daily K-line. MACD volume has ended, and DIF and DEA have formed a death cross. The K-line is preparing to retest the middle Bollinger Band support at 117,000. If it breaks, it will continue to explore 112,000. The 4-hour K-line short trend has emerged. MACD volume has decreased, with DIF and DEA contracting below the zero-axis line. The Bollinger Band is also contracting, and the K-line has fallen below the middle Bollinger Band. The overall trend has entered a bearish phase. The short-term strategy is to follow the bearish trend and consider going north after reaching support.
Short-term reference: The goal is small losses and big gains
Going north: 113,000 to 112,500, defend 112,000, stop loss 500 points, target 114,500 to 115,000, break to 115,500 to 116,000
Going south: 118,500 to 119,000, defend 119,500, stop loss 500 points, target 117,500 to 117,000, break to 116,500 to 116,000
Crypto Scholar: Latest Market Analysis for Ethereum (ETH)
Ethereum is currently priced at 4,525. It is 1:30 AM Beijing time. The highest point on the Ethereum daily K-line was 4,574. Our southward entry point was 4,550, which has been reached. You can reference this with the recent market trends. The daily K-line has not yet retested the lower trend support at 4,230, making a significant extension difficult. Additionally, the bulls lack volume, and the main force's selling amount is too large for the market to quickly digest. The 4-hour K-line has formed a clear resistance around 4,550. MACD is shrinking upward, and the DIF and DEA golden cross is blocked. The 4-hour line has reached the middle Bollinger Band at 4,495. Pay attention to the middle band support. If it fails, follow the bearish trend. If it holds, the short term will continue to oscillate around 4,550 for accumulation. The short-term strategy remains primarily bearish. As for the bulls, wait until the market digests the chips.
Short-term reference: Always use stop loss, safety first
Southward entry point: 4,500 to 4,550, defend 4,600, stop loss 40 points, target 4,450 to 4,400, break to 4,350 to 4,300
Northward entry point: 4,200 to 4,150, defend 4,100, stop loss 40 points, target 4,300 to 4,350, break to 4,400 to 4,450
Actual operation depends on real-time market data. For more information, consult the author. The article may have a delay, so please use it as a reference at your own risk.
This article is exclusively provided by the Crypto Scholar and represents only their personal view. They have in-depth research on BTC, ETH, Doge, DOT, FIL, EOS, etc. Due to publication timing, the above opinions and suggestions lack real-time accuracy and are for reference only. Risk is self-assumed. Please cite the source when reprinting. Manage positions reasonably and avoid heavy or full position trading. The scholar hopes investors understand that the market is always right. If you are wrong, reflect on your own issues and don't let potential profits slip away. In investing, there's no need to be smarter than the market. When a trend comes, respond and follow it. When there's no trend, observe and stay calm. Wait for the trend to become clear before acting. Tomorrow's success comes from today's choices. Heaven rewards diligence, earth rewards kindness, humanity rewards integrity, business rewards trust, profession rewards excellence, and art rewards passion. Gains and losses happen unexpectedly. Develop the habit of strictly using stop-loss and take-profit. The Crypto Scholar wishes you a pleasant investment experience!
