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 advises all cryptocurrency friends to learn while trading, summarizing both gains and losses in a timely manner, deepening the understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

9.9 Bitcoin (BTC) Market Analysis Reference

Bitcoin's intraday market experienced a high and then a pullback, with prices slightly rebounding to around 110,600 yesterday morning. The short-term upward momentum is not strong, with both bulls and bears taking turns to exert pressure, and prices are under pressure around 112,865. The Bollinger Bands are slowly compressing. Currently, it is operating in the lower band area on the hourly chart, with prices blocked and pulling back over 1,000 points. The moving averages above are all trending downward and continuously testing. It is expected that there will be a short-term pullback, and it is advised that cryptocurrency friends do not blindly chase long positions, being cautious of another downward pullback.

From the perspective of the short-term hourly chart, the Bollinger Bands are in a closing posture, with the trend operating near the middle band. The price has tested the 113,000 line multiple times without breaking through, and the market pullback has entered a consolidation phase. The short-term bulls and bears are in a stalemate, and the trend is not very clear, with no obvious signals emerging. We should remain cautious and consider shorting on rebounds; if the price breaks, we can consider entering with a light position. Pay attention to resistance at 112,800 above and support at 109,500 below.

9.8 Bitcoin Short-term Reference:

Short entry point 111,500-112,500, stop loss at 114,200, target below 111,000.

Long entry point 110,000-109,000, stop loss 500, defend at 107,000, target above 111,000.

There may be delays in article posting, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgments, it is essential to manage take-profit and stop-loss levels properly. For more real-time trading 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 strategy advice.

For more real-time trades, you can follow my public account for online market technical learning, 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. focusing on analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

Exclusive views, there may be delays in article posting, risks are self-borne, and it is important to manage positions reasonably. Do not operate with heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together and cheer each other on. 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, sharpen your skills, and be ready to set off at any time. Let's go!

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

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