The essence of trading lies in the ability to find opportunities, to plan before acting, and to strategize effectively. This has been the key to Minghui's consistent 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, leading to 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, with significant price differences. If one is reluctant to take a loss, they can only endure. Stable entry points allow for profit-taking or withdrawal.

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

Ethereum showed weak upward momentum yesterday, and the price has once again declined. The daily level correction continues, currently moving down to around the 3540 level. The price is rebounding around 3575, with resistance above at 3620. If it cannot stabilize and rebound, a continued correction is expected, so the recommendation for today is to short in line with the trend.

On the short-term hourly chart, the Bollinger Bands are opening downwards, maintaining a weak oscillation. The middle band is slowly moving down, with key resistance at 3660. If there is no stabilization in the short term, a pullback to support is possible, so Minghui suggests preparing in advance. Additionally, the lower band gap is slightly opening, indicating that space is gradually being created, with a possibility of breaking lower, so one can follow the trend to enter short positions.

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 participants can receive free exit strategies.

7.24 Short-term Strategy Reference for Ethereum:

• Suggestion: 3720-3655, stop-loss 30 points, target below 3700.
• Suggestion: 3520-3475, defend at 3320, stop-loss 30 points, target around 3670.

7.24 Short Message Strategy Reference for Bitcoin:

• Suggestion: 120000-119000, defend at 121900, stop-loss 500 points, target below 118500.
• 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, emphasize risk control; no matter how confident you are in your future market judgment, always set your take-profit and stop-loss levels! 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 first ten daily participants can receive free exit strategies.

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