The essence of trading is survival, followed by profit. Therefore, before each operation, think carefully about whether your actions are reasonable and if your capital is safe. You need to develop your own trading mindset, continuously optimize and improve it. Although the suggestions from cryptocurrency experts may not make you rich overnight, they can ensure you are always with us. Only those who survive in the cryptocurrency world for the long term and persevere until the end can achieve the results they desire. I hope you can understand.
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The current price of Bitcoin is 112800, and it is now 1 AM Beijing time. The highest daily K-line before the release of Bitcoin reached a maximum of 113250. The first entry point southward has been reached. The daily K-line focuses on the first resistance level at 113500, and the bottom support focuses on 111300. The main force has pulled back to the resistance level near the middle track of the Bollinger Bands. The MACD death cross has formed, and the bearish momentum remains unchanged. The four-hour K-line shows a clear inverted cup shape. The price has pulled back to the upper resistance level, and short-term indicators show signs of short-term bullishness. The trend remains bearish. The MACD volume has decreased, and there is a clear bottom divergence. Focus on the pressure of 114000 at the middle track of the four-hour Bollinger Bands. As long as the middle track is maintained, the bearish trend will continue, and the southern trend will not change.
Short-term reference:
Southbound reference from 113000 to 113500, defense at 114000, stop loss of 500 points, target looks at 112500 to 112000, breaking position looks at 111500
Northbound reference from 111500 to 111000, defense at 110500, stop loss of 500 points, target looks at 112000, to 112500, breaking position looks at 113000
The current price of Ethereum is 4190, and it is now 1 AM Beijing time. The highest daily K-line before the release reached 4230. The short-term resistance is very strong. The main force needs more volume to start a bullish northbound. The daily K-line has been horizontally consolidating at the EMA60 trend line, with bottom support focusing on 4115 and the Bollinger Band support at 4125. The four-hour K-line shows a clear descending flag pattern. The EMA15 fast line has reached 4255. The MACD volume has decreased. The DIF and DEA are contracting at low levels, indicating a short-term golden cross bottom divergence, suggesting effective upper space. After the next wave of the main force stretches, friends who have not entered southward can take the opportunity to go south, with the defense point focusing on the middle track of the Bollinger Band at 4320.
Short-term reference
Southbound reference from 4250 to 4300, defense at 4350, stop loss of 40 points, target looks at 4200 to 4150, breaking position looks at 4100 to 4050
Northbound reference from 4100 to 4050, defense at 4000, stop loss of 40 points, target looks at 4150 to 4200, breaking position looks at 4250 to 4300
Specific operations are based on real-time data from the market. For more information, you can consult the author. There may be delays in article publication, and suggestions are for reference only. Risks are borne by oneself.
This article is exclusively contributed by Lao Chen and only represents the exclusive views of the academician. There is in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions are not real-time and are for reference only. Risks are borne by oneself. Please indicate the source for reprinting. Control positions reasonably when trading. Do not operate with heavy or full positions. The academician also hopes that all investors understand that the market is always right. If you are wrong, you should summarize where the problem lies. Do not let the profits that should be in hand fly away. There is no need to be smarter than the market in investments. When the trend comes, respond and follow it; when there is no trend, observe and stay calm. It is not too late to act after the trend becomes clear. Tomorrow's success comes from today's choices. Heaven rewards diligence, earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards heart. Gains and losses come unexpectedly. Develop the habit of strictly taking stop losses and profit taking for each order. Lao Chen wishes you a pleasant investment!
