The essence of trading lies in the ability to find opportunities, to plan before acting, and to strategize effectively. This has always been the key to Minghui's success in the market. Many people fail due to chaotic operations, lack of planning, and no strategy. Most losses occur from locking positions, holding onto losing trades, and not using stop-loss orders. The root cause is often a lack of skills and ideas, blindly trusting others' trades, following the wrong orders, and having a poor mindset, resulting in small gains and large losses. The saying "think thrice before acting" holds true; only well-considered entry points should be taken. Aggressive points can leave traders in a dilemma, either catching the highest or lowest points, leading to significant price differences. If one is reluctant to take a loss, they can only endure. Stable entry points allow for profitable exits or the option to withdraw.
7.25 Cryptocurrency Market Analysis by Minghui: Ethereum (ETH) Strategy Analysis Reference
Ethereum faced pressure this morning, retracing to the 3505 level. In the afternoon, the trend slightly adjusted and showed a strong rebound. It has now broken through multiple resistances and successfully surpassed the 3760 level. The rebound has reached over 200 points, and short-term bullish sentiment is quite strong. The current coin price is oscillating at a high level for correction.
On the daily chart, there are consecutive large bullish candles breaking the previous high of 3771, forming a short-term upward channel. The long lower shadow on July 24 (3502→3738) indicates strong buying pressure. The hourly chart is oscillating in the 3700-3750 range, without breaking the previous low of 3502. The MACD daily golden cross continues to expand (DIF 309.7/DEA 261.67), but there is a need to be cautious of a top divergence on the hourly chart. The EMA is in a bullish arrangement (7>30>120), with the daily EMA7 (3628) serving as dynamic support. Overall, the bulls are gradually warming up, so I personally suggest trading long in line with the trend. The support below is focused on the 3660 area. If the upward momentum continues and breaks through the 3800 level again, long positions can be entered with light leverage, aiming for a profit of 30 points.
For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account: (Minghui in the Cryptocurrency Circle). The top ten participants daily can receive free exit strategy advice.
7.25 Short-term Strategy Reference for Ethereum:
Long suggestion at 3760-3805, stop loss at 30 points, target below 3700.
Short suggestion at 3620-3675, defend at 3320, stop loss at 30 points, target near 3670.
7.25 Short Message Strategy Reference for Bitcoin:
Long suggestion at 120500-119500, defend at 122900, stop loss at 500 points, target below 118500.
Short suggestion at 117500-116500, defend at 114000, stop loss at 500 points, target above 118500.
The points are time-sensitive, and there may be delays in posting, so please refer to real-time market conditions. Again, I emphasize the importance of risk control. No matter how confident you are in your future market predictions, always manage your take-profit and stop-loss orders! If you need analysis on other cryptocurrencies, feel free to comment or message privately. Friends who like this content, please give more likes and support for more real-time trading strategies, online technical learning, and exit strategies. You can follow the mentor's public account: (Minghui in the Cryptocurrency Circle). The top ten participants daily can receive free exit strategy advice.
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