The fundamental aspect of trading is survival, followed by profit. Therefore, before each operation, carefully consider whether your action is reasonable and if your principal is safe. Develop a trading strategy that belongs to you 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 desire. 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, and the market has returned to yesterday's situation. With the weekend, the main forces are celebrating, and we have followed them. Looking at the current market, the daily K-line is fluctuating narrowly within the trend indicator, blocked by the EMA30 trend support at 116,800, with the center of gravity still in a bearish trend. Focus on the key support at 113,750; if it holds, a rebound may occur; if not, it will continue to explore downward. The 4-hour K-line shows a descending ladder volume, with short-term volume moving upward blocked by resistance at 118,000. Bears continue to accumulate, while bulls are weak. Be prepared for defense and pay attention to the Bollinger Band's middle rail at 119,200. The trend remains bearish if not broken.
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 4,400. It is 1:30 AM Beijing time. The daily line continues to be bearish, with the EMA trend indicator still weakly pulling up. EMA15 has reached 4,200. Overall, the bearish trend is inevitable in the short term. The probability of pulling up before the bearish trend is complete is small. According to the trend, it will explore the key supports at 4,200 and 4,000 before the main forces pull back. The 4-hour K-line trend support is at 4,200 and 4,065. MACD volume is decreasing, K-line is not pulling up, and the two-level weathering of DIF and DEA has caused the market to enter an extremely narrow stage. Pay attention to the resistance at 4,550; if it doesn't break the Bollinger Band's middle rail, consider continuing southward. If broken, stop loss and go northward.
Short-term Reference: Always prioritize safety with stop loss
Going South: Test 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
Going North: Test 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 based on real-time market data. For more information, consult the author. The article may have a delay, suggestions are for reference only, and risks are to be borne by the individual.
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. Risks are to be borne by the individual. Please cite the source when reprinting. Manage positions reasonably, avoid heavy or full positions. 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. There's no need to be smarter than the market. When a trend appears, 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 setting stop-loss and take-profit. The Crypto Scholar wishes you a pleasant investment experience!
