Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. Even if there are losses in the short term, 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.
11.12 Bitcoin Market Analysis Reference
Yesterday, Bitcoin faced resistance and retraced around the 107470 position, with subsequent bullish momentum weakening and prices continuing to decline. In the past 24 hours, funds continued to flow out, and the price has broken below the dual support levels of 104000-103000, with the current trend still in a retracement.
From 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 in the short term, and all moving averages trending downward, forming resistance above. The current trend is fluctuating around the 103000 line, with a low touching the 102400 position leading to a rebound. However, the short-term trend is weak. If the price cannot break and stabilize above the short-term resistance of 104000, the bearish trend will likely continue, and the price is expected to decline further. Please be prepared. The short-term trend is expected to maintain a downward fluctuation, so the strategy suggests focusing on short positions during rebounds, with resistance above at around 104500 and support below at around 101800.
11.12 Bitcoin Short-term Trading Strategy Reference:
Short entry point 104500-105500, stop loss at 108500, target below 105800.
Long entry point 101800-102800, stop loss at 500, defend at 100500, target above 103000.
There may be delays in article posting, and the 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. Secure your profits. For more real-time trading strategies daily, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin Discusses Currency) for access: the first ten each day can receive free exit strategy advice.
For more real-time trades daily, you can follow the public account (Mr. Coin Discusses Currency) for access. 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., primarily analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are unsure about trading, you are welcome to study and learn together.
Exclusive opinions, there may be delays in article posting, risks are self-borne, manage your positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together and support each other. 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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