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 their understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

Mr. Coin's New Year Blessing: Auspicious dragon brings fortune, investment's new chapter flows with fragrance. With the auspicious dragon arriving, good omens arise. Wishing you a new year where investments are smooth, portfolio configurations are exquisite, risk avoidance is just right, and returns grow steadily. May the auspicious dragon bring good fortune, wealth abound, and joy every year!

Mr. Coin's Cryptocurrency Market Analysis Reference for Bitcoin (BTC) on 12.31

Yesterday, Bitcoin's market surged and then retraced, with prices rebounding around the 96,000 position facing pressure, subsequently moving down as expected. Currently, it has retreated below the middle axis of the Bollinger Bands, maintaining a wide range of fluctuations, although the range has shifted downwards. The current price is operating in the area below 94,000, forming a wide range of oscillations.

On the daily chart, the market has repeatedly rebounded but has not stabilized at the 96,000 line. The price has broken down again, and the Bollinger Bands are opening downwards, with the five-day attack line forming resistance at around 94,500, which is slowly moving down. If the market cannot make a strong rebound today, there is a possibility of further price declines.

On the short-term hourly chart, recent price fluctuations have been significant, with multiple long upper and lower shadows. The recent candlesticks show a clear oscillating trend, with prices repeatedly testing within the range. Currently, the coin price is retracing in the middle-lower track area, indicating that the market is under pressure. If it cannot break and stabilize above the daily high of 96,000, there is a possibility of further retracement. Therefore, it is not advisable to blindly chase long positions; focus on shorting at the high end of the range and going long at the low end, while being cautious of further price declines.

Short-term Reference for Bitcoin on 12.31:

Long position: Buy in the 92,000-91,500 range, with a stop loss at 90,500 and a stop loss at 90,200, targeting above 94,000.

Short position: Lightly short in the 95,700-95,000 range, targeting 500-1,000 points, with a stop loss at 97,000.

Short-term Reference for Ethereum on 12.31:

For more real-time trading strategies, online technical learning, and exit strategies, please follow the mentor's public account (Mr. Coin in the cryptocurrency circle) for addition methods: The first ten each day can receive free exit strategies.

Long position: Buy in the 3,180-3,230 range, with a stop loss at 2,950 and a stop loss at 2,930, targeting above 3,200.

Short position: Short in the 3,450-3,410 range, with a stop loss of 30 points, targeting 50-100 points.

There may be delays in sending this article; 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 to secure your gains.

For more real-time trades, please follow my public account for online technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency circle, and have studied extensively in the U.S. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. I welcome cryptocurrency friends who are unsure about trading to study and learn together.

This article is exclusively shared by Mr. Coin in the cryptocurrency circle and represents his unique views. There may be delays in sending the article; risks are to be borne by the reader. Manage your positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, move forward together, and keep striving. 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. Keep going!

—— This article is written by Mr. Coin in the cryptocurrency circle, and we refuse to plagiarize and respect originality!

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