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 is currently priced at 117,600. It is 1:30 AM Beijing time. The target of 119,000 southward movement was reached after the previous day's resistance. Remaining positions can be held. Those who haven't entered can observe, as the daily K-line has reached the EMA30 trend support point around 116,700. The next support is the 0.786 golden ratio line at 113,800. The daily K-line has broken through the Bollinger middle band at 117,000 and is currently oscillating around this level. The 4-hour K-line shows a small head and shoulders pattern, entering a downward trend. The Bollinger lower band support is at 116,300. Overall, if it doesn't drop below 117,000, there might be a small pullback during the day. Focus on the 118,500 resistance for potential southward movement, and maintain a bearish stance.
Short-term reference: The goal is small losses and big gains
Northward 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
Southward 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 4,420. It is 1:30 AM Beijing time. From the current trend, 4,750 is no longer the best southward entry point. The daily K-line has broken through the neckline, with a bearish trend. Focus on the EMA15 trend fast line support at 4,155 and the Bollinger middle band at 3,960. The 4-hour K-line has broken the EMA30 trend line at 4,478. Next, focus on 4,286 and 4,140 supports. MACD continues to shrink volume and accumulate. Whales are selling large amounts of Ethereum, potentially causing a stampede. The 4-hour K-line has reached the Bollinger lower band support at 4,400, which is the short-term support. Breaking this will lead to further decline. The short-term trend remains bearish, with a primary bearish strategy, not considering long positions for now.
Short-term reference: Always use stop loss, safety first
Southward test entry 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 test entry 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 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 and 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 there's no trend, 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!
