The fundamental of trading is survival, followed by profit. Therefore, before each operation, think carefully about whether your action is reasonable and whether the principal is safe. Form your own trading strategy and continuously optimize it. The advice from the crypto scholar may not make you rich overnight, but it can ensure you stay in the game. Only those who survive and persist in the crypto market until the end can achieve the results they want. 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 always been protecting investors. I wish my fans financial freedom by 2025, let's work hard together!
Crypto Scholar: Latest Market Analysis for Bitcoin (BTC)
Bitcoin's current price is 121,450. It's 1 AM Beijing time. Yesterday's article suggested a downward trend at 122,000, with one-third of profits taken at 1,500 points. According to market trends and indicators, all have reached the top pressure point, with momentum to challenge the historical high. Crypto friends are advised to set a stop loss at the historical high. The EMA trend indicator is bullish across the board. MACD has continuous volume increase forming a golden cross at the high point. The daily K-line broke through the upper Bollinger Band pressure at 121,630. Most indicators have reached pressure points with a momentum to surge. The 4-hour K-line is at a high, with the trend still in an upward channel. MACD volume is expanding after a contraction, with DIF and DEA forming a golden cross above 121,600. Pay attention to the upper Bollinger Band pressure at 121,850. The strategy suggests going short after breaking the upper pressure point and volume contraction, currently staying neutral.
Short-term Reference: The goal is small losses and big gains
Going long from 119,000 to 118,500, defending 118,000, stop loss 500 points, target 120,000 to 120,500, breaking point 121,000 to 121,500
Going short from 122,000 to 122,500, defending 123,000, stop loss 500 points, target 121,000 to 120,000, breaking point 119,000 to 118,000
Crypto Scholar: Latest Market Analysis for Ethereum (ETH)
Ethereum's current price is 4,690. It's 1 AM Beijing time. The price continues to rise. The market lacks patience, especially in crypto. Only after hitting the wall do people turn back. Hope crypto friends are still here. Before publishing, Ethereum reached a high of 4,738 and a low of 4,562, another one-sided stretch. The daily K-line shows a strong upward phase, with MACD and Bollinger Bands being the most prominent indicators. DIF and DEA formed a golden cross above the 0-axis, stretching the K-line around the upper Bollinger Band at 4,572. Only RSI has entered an extremely overbought condition that needs attention. The 4-hour K-line shows resistance at the top, with a short-term pullback expected. Crypto friends who like ultra-short trading can try, while conservative traders should wait for a pullback to support.
Short-term Reference: Always prioritize safety with stop loss
Going short entry point 4,700 to 4,750, defending 4,800, stop loss 40 points, target 4,650 to 4,600, breaking point 4,550 to 4,500
Going long entry point 4,500 to 4,450, defending 4,400, stop loss 40 points, target 4,600 to 4,650, breaking point 4,700 to 4,750
Actual operation depends on real-time market data. For more information, consult the author. The article may have delays, so please use it as a reference only and trade at your own risk.
This article is exclusively provided by the Crypto Scholar and represents only their personal view. 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. Trade at your own risk. Please cite the source if reprinting. Manage positions reasonably and avoid heavy or full position trading. 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. There's no need to be smarter than the market. When a trend comes, follow it; when there's no trend, 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, people reward honesty, 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!
