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 stem 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 signals, 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 hold on. Stable entry points allow for profitable exits or the option to withdraw.

7.23 Cryptocurrency Market Analysis by Minghui: Ethereum (ETH) Strategy Reference

Ethereum showed a rebound in the morning, but the key resistance above has not been broken, and the upper space has not opened up. Therefore, the current price is under pressure and has re-entered a consolidation phase. Both bulls and bears are gradually at a stalemate in the short term, and the price fluctuation range is continuously compressing. The short-term view indicates that the oscillating market will continue for a while.

In the 4-hour timeframe, a long lower shadow rebound appeared from the afternoon to the evening, followed by a quick pullback after breaking the previous high of 3748. After three consecutive days of increasing bullish candles, a high-position doji star appeared. The current K-line shows a propeller shape. MACD: In the 4-hour timeframe, the DIF and DEA are dead-crossing above the zero axis, with the red bars continuing to expand (currently -52.04). In the daily timeframe, the dual lines are flattening, showing signs of a top divergence. EMA: The price has fallen below the 4-hour EMA7 (3709) but remains above the EMA30 (3630). The daily EMA7 (3568) and EMA30 (3028) maintain a bullish arrangement. Overall, 3700 is a key position for both bulls and bears. A stable bullish trend has a chance; without stability, our strategy should be to short high and long low. The upper resistance is focused on the 3750-3780 area, while the lower support is around 3600.

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 first ten daily followers can receive free exit strategies.

7.23 Short-term Strategy Reference for Ethereum:

• Long suggestion: 3820-3755, stop-loss 30 points, target below 3700.
• Short suggestion: 3620-3575, defend at 3420, stop-loss 30 points, target around 3710.

7.23 Short-term Strategy Reference for Bitcoin:

• Long suggestion: 120000-121000, defend at 122900, stop-loss 500 points, target below 119500.
• Short suggestion: 117500-116500, defend at 114000, stop-loss 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, it is emphasized to manage risk well; no matter how confident you are in your future market judgment, always set your take-profit and stop-loss! If you need analysis on other cryptocurrencies, feel free to comment or message privately. Friends who like this, 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 first ten daily followers can receive free exit strategies.

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