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 academician may not make you rich overnight, but it can ensure that you always have support. Only those who survive in the cryptocurrency circle for the long term and persist until the end can achieve the results they desire. I hope you can understand.

I am a warrior who has always been protecting retail investors in the cryptocurrency circle. I wish my fans to achieve financial freedom in 2024. Let's work hard together!

Cryptocurrency Academician: Ethereum (ETH) Latest Market Analysis Reference for July 3, 2024

Let's review first. After all, the short position at 3520 has been held for two days, and the target of 3400 has been achieved, gaining 120 points. I have closed all my positions, but some fans' comments in the media did not hold, which is normal. Without your own trading system, it is difficult to hold. Because the most difficult part of trading is not entering and exiting, but holding. During the holding process, your emotions of fear and greed will repeatedly affect you, and ultimately lead to wrong judgments under the influence of your emotions. After having a perfect trading system, you can strictly execute according to the system. I hope you can understand.

Looking at the market, as of midnight, the highest and lowest points of the daily K-line of Ethereum were 3465 and 3400 respectively. The bearish trend continues, and the daily K-line is currently at the high level of the EMA trend indicator. The pullback EMA90 trend support point is at 3595, which was the previous resistance level and has now become a strong support. The MACD volume is still increasing while the K-line is diverging downwards. The DIF and DEA are converging and decelerating, and the KDJ is blocked at the resistance level of 3530. The Bollinger Bands are still trending downwards, and the daily K-line has broken through the middle Bollinger Band support of 3465, turning it into resistance, with the lower support at 3320.

The four-hour K-line has entered a descending channel, directly breaking through the EMA trend indicator channel from the highest point. The MACD volume is decreasing, and the DIF and DEA are forming a downward crossover, currently blocked at 3400. The bearish trend continues, and the speed of the KDJ's downward spread is accelerating. The Bollinger Bands are starting to contract horizontally, and the K-line has broken through the middle support of 3430 from the upper band of 3510. Currently, it is still a bearish trend, with the lower support point at 3350. The overall trend is still bearish, and you can choose not to trade when the trend is not clear. Stay in cash and wait for opportunities.

Short-term strategy reference:

Short at the 3560 to 3570 range, add to the short position at 3640 to 3650 to defend, stop loss at 3680, target at 3450, and second target near 3400. If broken, look at 3350.

Long at the 3330 to 3340 range, add to the long position at 3230 to 3240 to defend, stop loss at 3200, exit target at 3400, second target at 3450, and if broken, look at 3500.

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. Trade at your own risk.

This article is exclusively provided by the Cryptocurrency Academician and represents the academician's exclusive viewpoint. The viewpoints and suggestions for 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. Trade at your own risk. Please indicate the source when reposting. Control your positions reasonably and avoid heavy or full positions. The academician also hopes that investors understand that the market is always right. If you are wrong, 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 wait. It's not too late to act after the trend becomes clear. Tomorrow's success comes from today's choices. The universe rewards 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 Academician wishes you a pleasant investment experience!

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