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 market in 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 the "leeks" in the cryptocurrency market. 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 9, 2024

Yesterday, this round of the market buried many people again. Let's continue to be cautious. As of midnight before the deadline, the current price of Ethereum is around 2990, with the daily K-line reaching a high of 3100 and a low of around 2820. There is manipulation by the main force in the market, and the order book is very interesting at this time. There is capital behind the scenes playing games, especially in the past few days, the selling pressure from Germany and the United States was quickly absorbed by the market, which was astonishingly fast.

Looking at the order book, the current daily K-line shows relatively long upper and lower shadows, indicating intense long and short games. The EMA trend indicator continues to spread in a mesh pattern, and the EMA15 fast line indicator has reached 3215, and will soon fall below the 3200 pressure point. The MACD volume has decreased, and the DIF and DEA are diverging and spreading downward. The KDJ is contracting and rising, and the Bollinger Bands are opening downward. All major indicators show divergence. After the daily K-line fell below the lower Bollinger Band of 2930, it returned to the inside of the Bollinger Band channel, similar to what was mentioned yesterday, the daily K-line is consolidating around the lower band, continuing to consolidate, and the overall trend is still bearish, and the market has not turned around.

The four-hour K-line has broken through the EMA30 trend indicator pressure level of 3065. Yesterday, the EMA30 pressure level was at 3085, and the pressure has been changing. The MACD volume has increased, and the DIF and DEA are diverging and moving upward from a low position, showing divergence. The KDJ is contracting, and the Bollinger Bands are narrowing, intensifying the long and short game. The four-hour fast line has continuously tested the upper Bollinger Band of 3080 and then tested the lower support of 2900, continuous testing. What we need to do is to stay out of the market and wait for opportunities. Do not chase after the rapid rise and fall of the market, as it is easy to be harvested.

Trading strategy reference:

Short in the 3130 to 3150 range, defend and add to the short position in the 3240 to 3230 range, stop loss at 3280, target the 3000 to 2950 range, and if broken, target the 2850 to 2800 range.

Long after breaking the previous low in the 2750 to 2770 range, defend and add to the long position in the 2650 to 2630 range, stop loss at 2600, target near the 3000 level for profit-taking.

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 analysis 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. Reprinting should indicate the source. Control your positions reasonably, and do not overexpose or go all in. 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 profits 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 is not too late to act after the trend becomes clear. Tomorrow's success comes from today's choices. Heaven rewards hard work, 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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