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Crypto academician: Bitcoin's short-term bullish outlook on August 11th may be accompanied by a potentially fatal correction! Ethereum's four-hour top divergence alert! Latest market analysis and trading suggestions
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The fundamental aspect of trading is survival, followed by returns. Therefore, before each operation, carefully consider whether your action is reasonable and if your principal is safe. Develop a trading strategy that belongs to you and continuously optimize it. The advice from crypto scholars may not make you rich overnight, but it can help you survive in the crypto market in the long term. Only those who persist until the end can achieve the results they desire. I hope you understand.
Don't forget, the darkest moment is often just before dawn. On the path of chasing dreams, you are never alone; I am here with you.
I am a crypto scholar, a warrior who has been protecting investors. I wish my fans financial freedom by 2025, let's work hard together!
Latest BTC Market Analysis
BTC is currently priced at 118,750. It is 1 AM Beijing time. Despite the continuous southward trend, the main force has pulled back this wave. The next southward point is above 120,000. Currently, all short-term indicators are bullish, but considering the overall market and historical data, the price is too high. Therefore, my advice is not to chase the rise, but wait to enter positions when encountering clear resistance. The target is 5,000 to 10,000 points. If wrong, exit with small losses and don't hold positions. Try multiple times, and don't rush to exit when you're right. The fundamental of trading is survival, first stay alive before considering returns.
Trend Reference: The goal is to profit from key southward trend orders
Northern entry point: 115,000 to 114,500, defend 114,000, stop loss 500 points, target 115,500 to 116,000, break position target 117,000 to 117,500
Southern entry point: 120,000 to 120,500, defend 121,000, stop loss 500 points, target 118,500 to 117,500, break position target 116,500 to 115,500
Latest ETH Market Analysis
ETH is currently priced at 4,235. It is 1 AM Beijing time. The southward target from 4,300 is 4,200, a 100-point resolution. Some crypto friends say it's too early to exit. Don't rush; the main force's divergence hasn't ended, and there's still a chance to surge. The first high encounter at 4,330 was a risky entry. Daily K-line technical indicators are bullish, with K-line pullback supported by Bollinger Band upper rail. Four-hour K-line indicators show clear top divergence. Focus on resistance at 4,370, support at 4,000, and daily support at 4,150. The trend is primarily pullback with multiple opportunities, supplemented by short positions.
Short-term Reference: Always use stop loss, safety first
Southern entry point: 4,350 to 4,400, defend 4,450, stop loss 40 points, target 4,300 to 4,250, break position target 4,200 to 4,150
Northern entry point: 4,150 to 4,100, defend 4,050, stop loss 40 points, target 4,200 to 4,250, break position target 4,300 to 4,350
Specific operations based on real-time market data. For more information, consult the author. Article publication may be delayed, suggestions are for reference only, risk is self-assumed.
This article is exclusively provided by a crypto scholar, representing only their personal views. They have in-depth research on BTC, ETH, Doge, DOT, FIL, EOS, etc. Due to publication timing, the views and suggestions may not be real-time and are for reference only. Risk is self-assumed. Please credit the source when reprinting. Manage positions reasonably, avoid heavy or full positions. The scholar hopes investors understand that the market is always right. If you're wrong, reflect on your own issues and don't let potential profits slip away. Investment doesn't require outsmarting the market. When a trend appears, follow it; when no trend exists, observe and wait. Wait for the trend to become clear before acting. Tomorrow's success comes from today's choices. Heaven rewards diligence, earth rewards kindness, humanity rewards integrity, business rewards trust, profession rewards excellence, and art rewards passion. Gains and losses happen unexpectedly. Develop a habit of strict stop-loss and take-profit. The crypto scholar wishes you a pleasant investment journey!
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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