Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. Even if there are losses in the short term, 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 win rate. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends learn while trading, summarizing both profits and losses in a timely manner to deepen their understanding of risks and to plan the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

3.8 Mr. Coin in the Cryptocurrency World: Bitcoin (BTC) Market Analysis Reference

Today, I guided two short positions in Bitcoin again, and all were exited with profits. Today's market fluctuated greatly, but the overall trend remains a wide range of oscillation, making operations relatively simple. The Bitcoin market first repaired upwards during the day, but after the domestic currency touched the 91200 level twice, it quickly faced pressure and retraced. Subsequently, the market entered a downward mode again. Affected by news, the short-term price movement became complex, with the lowest price retracting to around 84600. The non-farm payroll data and the ongoing increase in volatility also contributed to the market panic, which was one of the reasons for the significant drop in this market.

Looking at the four-hour chart, the repair rhythm during the day has been broken again, and the market has swallowed the previous rebound gains. Currently, the trend has seen continuous large bearish candles, and the overall bearish sentiment is quite strong. The downward trend has not yet dissipated. If the price breaks below 87600, there is a risk of further downward movement by a thousand points. It is recommended to focus on short positions and operate steadily in line with the trend. The upper resistance to watch is around 89000, followed by the 90000 level.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin in the Cryptocurrency World) to get the addition method: the first ten each day can receive free exit strategies.

3.8 Bitcoin Short-term Reference:

Light short positions at 89000-90500, with a stop loss at 93800, target below 90000.

For long positions, pay attention to the break at 86000, long in the 83000-84500 range, with a stop loss at 81000.

3.8 Ethereum Short-term Reference:

Short positions at 2300-2240, with a stop loss at 2550, target below 2210.

For long positions, focus on the 2050-2100 range, with a stop loss of 50 points, target above 2200.

The article may have delays in sending, 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 stop-loss and take-profit levels to secure your gains.

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

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 world, and have studied in the U.S. multiple times, mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are unsure about trading, you are welcome to study and learn together.

This article is exclusively shared by Mr. Coin in the Cryptocurrency World and represents his unique views. 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. Keep it up!

—— This article is written by Mr. Coin in the Cryptocurrency World, refusing plagiarism and respecting originality!

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