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 114,000. It is 1:30 AM Beijing time, with the daily K-line's highest point at 114,330. The market has reached a medium-term support level. Investors from the south with over 3,000 in space can consider locking in some profits. The remaining opportunities are just icing on the cake. Those holding short positions can also open a long position around 112,000. The daily K-line retraced to the EMA60 resistance level, with the lowest point at 112,380, not reaching the lower Bollinger Band support at 111,200 before rebounding. There's no need to rush. The 4-hour K-line continues its short-term downward channel. The EMA trend indicator has just finished alternating downward. A K-line pullback is completely normal. Pay attention to the trading volume at the upper resistance levels of 115,500 and short-term resistance of 11,450, along with the middle Bollinger Band resistance at 115,000. The trend remains bearish if the short-term middle resistance is not broken; if broken, consider a short-term long trend.
Short-term Reference: The goal is small losses and big gains
Going north from 112,000 to 111,500, defend at 111,000, stop loss at 500 points, target 113,000 to 113,500, break to 114,000 to 114,500
Going south from 114,500 to 115,000, defend at 115,500, stop loss at 500 points, target 113,500 to 113,000, break to 112,500 to 112,000
Crypto Scholar: Latest Market Analysis Reference for Ethereum (ETH)
Ethereum is currently priced at 4,320. It is 1:30 AM Beijing time, with the daily K-line's highest point at 4,328. We can see the main force directly retracing to the 0.786 Fibonacci support line before pulling straight upward, breaking from 4,060 to 4,300, forming a one-sided trend that reversed yesterday's bearish momentum. The daily K-line virtually broke the middle track and pulled up, reaching the upper resistance level. The 4-hour K-line resistance is more obvious, retracing the upward trend line support and pulling up to the EMA trend indicator's top resistance at 4,310. Therefore, it's not ruled out that the upward trend support remains unbroken, and the bulls may surge again. The long position at 4,060 is effective. Take some profits at 4,300 and continue holding the rest.
Short-term Reference: Always use stop-loss, safety first
Going south, test entry point 4,300 to 4,350, defend at 4,400, stop loss at 50 points, target 4,250 to 4,200, break to 4,150 to 4,100
Going north, test entry point 4,100 to 4,050, defend at 4,000, stop loss at 50 points, target 4,150 to 4,200, break to 4,250 to 4,300
Actual operation based on real-time market data. For more information, consult the author. The article may have a delay, suggestions are for reference only, risk is self-assumed.
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 views and suggestions lack real-time accuracy and are for reference only. Risk is self-assumed. Please cite the source when reprinting. Manage positions reasonably, avoid heavy or full position operations. The scholar hopes investors understand that the market is always right. If you're wrong, reflect on your own issues and don't let potential profits slip away. There's no need to be smarter than the market. When a trend comes, respond and follow; 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!
