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 of crypto scholars may not make you rich overnight, but they 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's current price is 112,300. It is 1:30 AM Beijing time. The daily K-line's highest point before publishing was 114,800. Reminder that the large-scale bearish trend continues. Short-term bulls at 113,000 should take profits. The entry point at 114,500 for southward movement has been precisely hit six consecutive times, so continue holding southward positions. Currently, key support levels are the daily Bollinger Band lower rail at 111,000 and EMA90 trend support at 111,400. There is a high probability of consolidation between 110,000 and 114,000 in the remaining time this week. The 4-hour K-line has reached the bottom support at 112,000, with MACD entering a downward bearish trend. If 112,000 cannot be defended, it may impact the 110,000 mark. The current strategy is primarily bearish. Consider long positions after effective support level bottom, but be sure to set stop-loss and prioritize risk management over potential gains.
Short-term Reference: The goal is small losses and big gains
Northward: 112,000 to 111,500, defend 111,000, stop-loss 500 points, target 113,000 to 113,500, break above 114,000 to 114,500
Southward: 114,500 to 115,000, defend 115,500, stop-loss 500 points, target 113,500 to 113,000, break below 112,500 to 112,000
Crypto Scholar: Latest Market Analysis Reference for Ethereum (ETH)
Ethereum's current price is 4,200. It is 1:30 AM Beijing time. Ethereum's daily K-line highest point was 4,258. As expected, it was affected by the overall market. It will be difficult for Ethereum to continue stretching short-term. The daily K-line shows a reversal downward at the golden ratio line. The situation is not optimistic. Bulls should prepare for the worst. Continue holding southward positions. If the pullback does not break 4,550, no action is needed. Focus on the daily trend support at 4,000 and 0.786 support at 4,065. The 4-hour K-line upward trend support and EMA120 support converge at 4,150. Short-term defense depends on this level. If lost, go bearish and do not consider northward movement. Market sentiment is bearish, especially with recent whale high-position liquidations, which significantly impact Ethereum.
Short-term Reference: Always set stop-loss, safety first
Southward entry point 4,300 to 4,350, defend 4,400, stop-loss 50 points, target 4,250 to 4,200, break below 4,150 to 4,100
Northward entry point 4,100 to 4,050, defend 4,000, stop-loss 50 points, target 4,150 to 4,200, break above 4,250 to 4,300
Actual operations should be based on real-time market data. For more information, consult the author. The article may have publication delays and is for reference only. Risk is self-assumed.
This article is exclusively provided by the crypto scholar and represents their unique perspective. They have in-depth research on BTC, ETH, Doge, DOT, FIL, EOS, etc. Due to publication timing, the views and suggestions may not be real-time 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 appears, follow it; when no trend exists, observe and wait. 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 strict stop-loss and take-profit. The crypto scholar wishes you a pleasant investment journey!
