The essence of trading is survival, and only then comes profit. I hope you can understand this.
I am a scholar in the crypto circle, a warrior who has always been protecting the retail investors. I wish my fans financial freedom by 2025. Let's work hard together!
Recently, I have been busy with offline work and need to make a trip to Hong Kong, so I won't write too much. I'll directly share my thoughts, and more detailed analysis will come after my offline work is done. Thank you for your attention.
Bitcoin (BTC) Latest Market Analysis
As of the time of writing, the current price of Bitcoin is 107,700. The monthly chart is about to close, and there is one signal to pay attention to: a three consecutive bullish monthly candles. After the weekly close, it remains high and continues to test the upper resistance level. There is an old saying that persistent attacks on a resistance level will eventually break it, so be mentally prepared for a potential loss of this resistance, especially since there is strong pressure at the top of the descending trend line around 108,500. This position can be tested for a downward move, but once it is lost, there is a high probability of an upward surge. At this time, if you are going south, you need to consider stop-loss issues. Therefore, defense and stop-loss must be well managed. If the main force raises the price to sell off, it will create a top divergence trend. That's all for now.
Daily Point Reference:
If the price is between 108,500 and 108,800 and does not break down, go south with a stop-loss of 300 points, first target 107,000.
If the price breaks above 108,500 to 108,800, go north with a stop-loss of 300 points, first target 109,500.
Ethereum (ETH) Latest Market Analysis Reference
As of the time of writing, the current price of Ethereum is 2,485. Unlike Bitcoin, the end of this month, on the 30th, marks the tenth anniversary of Ethereum. At this time, the main force wants to take profits, and retail investors also want to take profits. Friends entering the market with spot trading should not worry about short-term fluctuations, while those trading contracts should reduce their frequency of opening positions. If the main force cannot harvest, they will not let retail investors have it too easy, leading to a long-term sideways trend. The consistent strategy for Ethereum is to adopt a quick in-and-out model, which does not mean frequent trading within a day but rather taking profits when they are available to avoid being tricked by the main force.
Daily Point Reference:
If the price is between 2,510 and 2,530 and does not break down, go south with a stop-loss of 30 points, first target 2,430.
If the price breaks above 2,510 to 2,530, go north with a stop-loss of 30 points, first target 2,600.
Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication, so the suggestions are for reference only, and risks are to be borne by the reader.
This article is exclusively contributed by the scholar in the crypto circle and represents the scholar's unique views. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions may not be real-time and are for reference only. Risks are to be borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly managing stop-loss and take-profit for each trade. The scholar in the crypto circle wishes you happy investing!
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