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 trades, and not using stop-losses. 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.
6.30 Cryptocurrency Market Analysis by Minghui: Ethereum (ETH) Strategy Reference
Ethereum continued to rebound in the early hours of the day, breaking upward, but unfortunately, it has not stabilized in the previous resistance area. Currently, it has reached the 2525 position and is facing pressure again, with prices running around the 2470 position. This rebound has reversed the weak oscillation situation, and as long as the subsequent pullback does not break below the 2380 support line, it is expected that the market will enter a consolidation phase in the short term.
Looking at the short-term hourly chart, the trend has entered a sideways consolidation phase, but the support below is slowly rising, and the selling pressure above is relatively strong. The MACD daily DIF and DEA have converged after a death cross below the zero axis, while the hourly level shows a golden cross above the zero axis, but the volume of the bars is decreasing. The EMA 7-day line has crossed below the EMA 30 (2449<2467), and the price at the hourly level is supported by the EMA 120 (2439). It is advised not to blindly chase long positions; we will focus on shorting during the subsequent rebound. Pay attention to the support around the 2380-2400 positions below.
6.30 Short-term Strategy Reference for Ethereum:
Long suggestion: 2505-2575, with a stop-loss at 2700, stop-loss of 30 points, target below 2460.
Short suggestion: 2360-2420, with a stop-loss at 2250, stop-loss of 30 points, target around 2450.
For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account: (Cryptocurrency Market Minghui). The top ten each day can receive free exit strategy advice.
6.30 Bitcoin SMS Strategy Reference:
Long suggestion: 107800-108800, with a stop-loss at 110000, stop-loss of 500 points, target below 107000.
Short suggestion: 106500-105500, with a stop-loss at 104550, stop-loss of 500 points, target above 107200.
The points are time-sensitive, and there may be delays in posting, so please refer to real-time market conditions. Again, emphasize the importance of risk control; no matter how confident you are in your market predictions, always set your take-profit and stop-loss levels! If you need analysis on other cryptocurrencies, feel free to comment or message privately. If you like this content, please give a thumbs up to support more real-time trading strategies, online technical learning, and exit strategies. You can follow the mentor's public account: (Cryptocurrency Market Minghui), and the top ten each day can receive free exit strategy advice.
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