Mr. Coin in the Crypto Circle 1.11: Bitcoin (BTC) and Ethereum (ETH) latest market analysis and reference for today, including operational reference ideas.

CN
9 hours ago

Cryptocurrency trading is a long-term plan; it is not about immediate results, 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 their understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

1.11 Bitcoin Market Analysis Reference

Bitcoin's intraday market continues to consolidate, with both bulls and bears in a stalemate, and the price hovering within a range, with overall fluctuations of less than 500 points and no signs of breaking out for now. The weekend is expected to continue the consolidation. On the daily chart, the price faced resistance and fell back after reaching around 90800, forming a long upper shadow bearish candle and closing below the EMA7 moving average. Meanwhile, the daily MACD has confirmed a high-level death cross.

From the 1-hour level, the price has experienced a series of bearish candles and broke below the previous low of 90358. Although there was a small bullish candle rebound forming a local bottoming pattern, the pressure from technical indicators remains significant: the 1-hour MACD double lines have continued to diverge after a death cross below the zero axis, with the green histogram accelerating downward; the price has consecutively broken through the 1-hour EMA7 (90482) and EMA30 (90597) short-term moving averages. Overall, strong resistance is formed near the 120-day moving average (91000), and the market may continue to show a weak consolidation pattern in the short term. Key attention should be paid to the breaking situation below 90000, with support at the 89000 level.

1.11 Bitcoin Short-term Trading Strategy Reference

Short position entry point 92500-91500, stop loss at 94800, target below 91000,

Long position entry point 88500-89500, stop loss 500, target above 90000,

1.11 Ethereum Short-term Strategy Reference:

Short position entry point 3165-3205, stop loss 30 points, target below 3100,

Long position entry point 2981-2931, stop loss 30 points, target above 3020,

There may be delays in article posting, and strategy suggestions are for reference only. The market changes rapidly; regardless of how confident you are in market judgments, always set stop-loss and take-profit levels to secure your gains.

For more real-time trading strategies daily, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin Talks About Coins) to get the addition method: 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 Talks About Coins) to access 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. to primarily analyze and guide 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 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, move forward together, and keep pushing. In the depths of time, hold onto understanding lightly. 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, refusing plagiarism and respecting originality!

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