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 increase the probability of success. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends 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 Cryptocurrency Market Analysis Reference for January 6: Bitcoin (BTC)

Yesterday, Bitcoin's bullish momentum was weak, and the market experienced a downward adjustment, testing support levels again, with sentiment gradually improving. The current price has returned to above 98,000, maintaining a wide fluctuation posture, and support shows a downward trend, with attention on the 97,000 area.

On the daily chart, the price closed with a small bullish candle yesterday, indicating some warming in the overall situation. The current trend is running above the five-day moving average, with the market retracing and showing a rebound rhythm. However, the market is still operating in the upper-middle track area, with strong resistance in the 99,000-95,000 range. If it cannot break through and stabilize during the day, the expected oscillation will likely continue, so all cryptocurrency friends should prepare in advance.

On the short-term hourly chart, bullish sentiment is continuously rising, with the Bollinger Bands opening upwards. The high touched around 98,800 and showed signs of pressure. Therefore, it is not recommended to blindly chase the price upwards, as there is a risk of deep correction. Currently, Bitcoin has not broken through, so it is advisable to maintain a high position and low buy strategy, and avoid entering the market blindly.

Short-term Reference for Bitcoin on January 6:

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for access. The first ten daily followers can receive free exit strategies.

Long position: Buy in the 97,500-97,000 range, with a stop loss at 95,500, and a target above 97,000.

Short position: Lightly short in the 99,700-90,300 range, with a target of 500-1,000 points, and a stop loss at 100,700.

Short-term Reference for Ethereum on January 6:

Long position: Buy in the 3,480-3,530 range, with a stop loss at 3,350, and a target above 3,520.

Short position: Short in the 3,730-3,680 range, with a stop loss of 30 points, and a target of 50-100 points.

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

For more real-time trades, you can 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 space, and have studied extensively in the U.S. focusing on analyzing 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.

This article is exclusively shared by Mr. Coin and represents his unique perspective. There may be delays in sending the article, and 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, to move forward together, and to 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, prepare well, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin, no plagiarism allowed, respect originality!

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