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 suggests that all cryptocurrency friends should learn while trading, summarizing both profits and losses in a timely manner to deepen their understanding of risks and to plan a correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

2.16 Mr. Coin's Cryptocurrency Market Analysis: Bitcoin (BTC)

After Bitcoin retraced to around 96,700 yesterday, it experienced a slight rebound and returned to the 97,000 level. However, it did not break through again, and the market has entered a consolidation pattern. The day has continued with narrow fluctuations, with prices oscillating around 97,500. As of now, the price fluctuation range is only over 600 points, and the consolidation pattern has not broken.

On the short-term 4-hour chart, the price is running above the middle track, maintaining a consolidation phase. The upper gap has not yet been opened, but the support is slowly moving up. If the price can break through the 98,000 resistance and stabilize, there is a possibility for the market to move towards further resistance. Both DIFF and DEA are in negative territory, and the MACD histogram has mostly remained below the zero axis, indicating a weak market state, but there are signs of contraction in the green bars. Recently, the candlesticks have mostly been small bearish and bullish candles, indicating some divergence and fluctuation around the current price level. This forms a tug-of-war pattern between bulls and bears. The short-term EMA7 and mid-term EMA30 are converging and flattening, while the long-term EMA120 is inclined upwards, indicating an overall trend of high-level fluctuations. Currently, it is recommended to observe the market and wait for an effective breakout before entering the market in the direction of the trend.

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.

2.16 Bitcoin Short-term Reference:

Short Position: Short at 98,500-99,000, with a stop-loss at 100,500, target below 97,300.

Long Position: Focus on the 96,000-96,500 range for long positions, with a stop-loss at 94,700, target above 97,500.

2.16 Mr. Coin's Cryptocurrency Market Analysis: Ethereum (ETH)

Ethereum is also maintaining a consolidation phase today, with prices fluctuating around 2,700. The market has entered a consolidation pattern, and it is expected that there will not be significant changes in price in the short term. The strategy is to maintain a high short and low long approach. The upper resistance is around 2,800, while the lower support is near 2,650. In this range, one can short high and long low. If the narrow fluctuation is difficult to grasp, it is advisable to observe and wait for an effective breakout before entering the market.

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.

2.16 Ethereum Short-term Reference:

Short Position: Short at 2,820-2,780, with a stop-loss at 2,950, target below 2,730.

Long Position: Focus on the 2,650-2,600 range, with a stop-loss of 50 points, target above 2,720.

The article may have delays in sending, 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 to secure profits.

Mr. Coin's public account: Mr. Coin in the Cryptocurrency Circle

For more real-time trades, you can follow my public account 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. 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 in the Cryptocurrency Circle and represents his unique perspective. There may be delays in sending the article, and risks are to be borne by the reader. It is important to manage positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, move forward together, and stay optimistic in investments. 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 take action at any time. Let's go!

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

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