The essence of trading is survival, followed by profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your principal is safe. You need to develop your own trading mindset, continuously optimize and improve it. The advice of the cryptocurrency guru may not make you rich overnight, but it can ensure that you always have a chance. Only those who survive in the cryptocurrency market in the long term and persist until the end can achieve the results they desire. I hope you can understand.

The secret of trading is to wait. It is purposeful. When trading trends, wait for the pullback. When trading oscillations, wait for the high and low points. When seizing rebounds, wait for the volume surge. When trading breakouts, wait for the pullback. When probing and bottom-fishing, wait for the reversal, isn't that right?

I am a warrior who has always protected the "leeks" in the cryptocurrency market. I wish my fans to achieve financial freedom in 2024. Let's work together!

Cryptocurrency Guru: Ethereum (ETH) Latest Market Analysis Reference for June 29, 2024

As the end of the month approaches, with only one day left in the month, the monthly closing price is likely to be around 3400. After the closing, all the major positive news related to Ethereum (EIF) will be in July. This month belongs to Ethereum, so it is worth focusing on Ethereum. The defensive point should be around 3350.

Looking at today's market, Ethereum is around 3390 at the time of writing. The daily K-line is still consolidating near the EMA90 trend indicator at around 3390. Historically, every time the trend line consolidates, it will be followed by a significant one-way movement, with a fluctuation of at least 500 points. As for how much can be captured, it depends on the market's cooperation. The KDJ is continuing to rise and expand, and the Bollinger Bands are still consolidating within the downward channel. Although there are signs of contraction, it is not very obvious at the moment. Only the daily line probing the lower Bollinger Band at 3320 is seen as support. The MACD continues to shrink in volume, indicating a divergence from the upward trend of the K-line. Although the overall trend is still bearish without a breakthrough, there are signs of a reversal in the market.

The four-hour K-line is blocked at the 3400 resistance level, and the overall trend of the EMA is contracting. The KDJ is blocked downward at 3350, and the Bollinger Bands are in a sideways pattern. In addition, the MACD continues to shrink in volume and the DIF and DEA are also shrinking. At this point, both the resistance and support levels have changed, and specific exit points can be adjusted accordingly. The strategy can focus on capturing short-term fluctuations within the range.

Short-term strategy reference: (Do not chase after sudden rises and falls)

Focus within the range: Aggressive traders capture the range, while conservative traders wait for opportunities (exit when the small range is broken)

Long at 3375, target 3390, stop loss 10 points

Short at 3395, target 3380, stop loss 10 points

Long entry point layout in the range of 3330 to 3350, defend and add positions in the range of 3250 to 3260, stop loss at 3200, exit target at 3400 to 3430, second target at 3500 to 3530

Short entry point layout in the range of 3530 to 3550, defend and add positions in the range of 3620 to 3640, stop loss at 3670, exit target around 3450, second target around 3390

Specific operations should be based on real-time market data. For more information, please consult the author. The article is published with a delay and is recommended for reference only. All risks are at your own discretion.

This article is exclusively provided by the Cryptocurrency Guru and represents the guru's exclusive viewpoint. The viewpoints and suggestions regarding BTC, ETH, DOGE, DOT, FIL, EOS, etc., are not real-time due to the timing of the article's release and are for reference only. All risks are at your own discretion. Reprinting should indicate the source. It is important to control your positions reasonably and avoid heavy or full positions. The guru also hopes that all investors understand that the market is always right. If you make a mistake, you should reflect on your own problems and not let the potential profit slip away. There is no need to be smarter than the market in investing. When the trend comes, follow it; when there is no trend, observe and be patient. It's not too late to act after waiting for the trend to become clear. Tomorrow's success comes from today's choices. The heavens reward hard work, the earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards heart. Gains and losses are all in the details. Develop the habit of strictly setting stop-loss and take-profit for each trade. The Cryptocurrency Guru wishes you a pleasant investment experience!

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