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 is 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.
3.3 Mr. Coin's Analysis: Bitcoin (BTC) Market Analysis and Strategy Reference
Bitcoin continued its upward trend yesterday, with prices rising by nearly ten thousand points. Influenced by news, it strongly broke through multiple layers of resistance, reaching around 95,000 at its peak, and the overall market is continuously warming up. Today's market has entered an adjustment phase.
On the daily chart, a large candlestick has broken through the Bollinger middle line, and the market is continuously testing upward to break through heavy resistance, with the situation improving as bulls reclaim lost ground. The MACD indicator on the daily chart is still below the zero line, showing no significant signs of strengthening, and the fast and slow lines continue to diverge downward. The EMA7 (90,310) provides support below the price, while EMA30 and EMA120 are above it, creating pressure on the current market. The price is also operating above the five-day and ten-day moving averages. Although the short-term daily increase is not strong, the upward trend is quite clear. The focus going forward is on the stability around the 95,000 line; if the market can successfully break through, the price is expected to move upward further.
On the short-term hourly chart, the Bollinger Bands are opening, with an upward trend, and all moving averages maintain a bullish posture. The market has entered a rhythm of oscillating upward, and the current trend has not broken down again, so it is not recommended to blindly chase the rise; caution is advised against the market being pressured back down to support. A conservative approach would be to buy on dips, and to short with light positions at high levels.
3.3 Short-term Reference for Bitcoin:
Light short positions at 95,300-95,800, with a stop loss at 98,800 and a target below 94,000.
Long positions at 92,000-91,500, with a stop loss at 90,500 and a target above 93,000.
For more real-time trading strategies and online technical learning, follow the mentor's public account (Mr. Coin) for access: the first ten each day can receive free strategies for exiting positions.
3.3 Short-term Reference for Ethereum:
Short positions at 2,530-2,480, with a stop loss at 2,650 and a target below 2,410.
Long positions to focus on the 2,380-2,330 range, with a stop loss of 50 points and a target above 2,430.
There may be delays in sending messages; 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 gains.
Mr. Coin's public account: Mr. Coin in the cryptocurrency circle.
For more real-time trades, you can follow the public account for access. Online technical learning, exiting positions, 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 coins. 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 views. There may be delays in sending the article; risks are borne by the reader. Manage 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, sharpen your skills, and be ready to set off at any time. Keep it up!
—— This article is written by Mr. Coin in the cryptocurrency circle, refusing plagiarism and respecting originality!
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