Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be overly anxious. Even if there are short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what has been lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to improve the win rate. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends should learn while trading, summarizing both profits and losses in a timely manner to deepen their understanding of risks and develop the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

8.30 Bitcoin (BTC) Market Analysis Reference

Yesterday, Bitcoin faced resistance and retraced around the 112600 position in the morning. Subsequently, the bullish momentum weakened, and the price continued to decline. In the past 24 hours, funds continued to flow out, and the price has already broken below the 110000 mark and the 108000 double support. The current trend of retracement is still ongoing, so all long positions should enter cautiously.

On the short-term hourly chart, the current trend shows multiple consecutive bearish candles. As the price continues to retrace, the Bollinger Bands are gradually opening up, with short positions dominating. All moving averages are trending downward, forming resistance above. The current trend is fluctuating around the 108300 line, with a low touching around 107930, leading to a rebound. However, the short-term trend is weak. If the price cannot break and stabilize above the 110000 mark, the bearish trend will continue, and the price is expected to decline further. Please be prepared. The short-term trend maintains a downward fluctuation, so the strategy suggests focusing on short positions during rebounds, with resistance above at around 110000 and support below at around 107500.

8.30 Bitcoin Short-term Reference:

Short entry point 111800-110800, stop loss at 115500, target below 111500,

Long entry point 106500-107500, stop loss at 500, add position at 104000, target above 109000,

8.30 Ethereum (ETH) Market Analysis Reference

The market today has seen a rise followed by a retracement, as expected, with a high approaching the 4520 line, which was not broken, leading to a subsequent retracement. The current price is around 4350, and the retracement has already touched the 4260 support line. If it does not stabilize below 4300, it is advised not to enter short positions blindly.

On the short-term hourly chart, the trend shows multiple consecutive bearish candles in a retracement rhythm. The mid-band support has been broken, and the short-term rebound strength is weak. If the price does not break through the 4450 short-term resistance, there is a risk of a pullback to support at the 4300 line. Please be prepared. The current trend continues to fluctuate downward, so our strategy remains to focus on short positions during rebounds, with long positions as a supplement. Resistance above is at 4480, and support below is at around 4250.

8.30 Ethereum Short-term Reference:

Short entry 4450-4500 lightly, stop loss at 30 points, target below 4400,

Long entry point 4250-4301, stop loss at 30 points, target above 4350,

There may be delays in sending articles, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in your market judgment, always set take-profit and stop-loss levels. For more real-time strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for ways to add: the first ten each day can receive free exit strategies.

For more real-time strategies daily, you can follow my public account. You can learn online about market techniques, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied extensively in the U.S., mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are not familiar with trading, you are welcome to study and learn together.

Exclusive views, there may be delays in sending articles, risks are self-borne, manage your positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, moving forward together. In the depths of time, hold onto understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your present self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be the past, and let the future come quickly! Take good care of yourself, prepare well, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin from the cryptocurrency circle, no plagiarism, respect originality!

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