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.

3.11 Mr. Coin's Analysis Reference for Bitcoin (BTC)

Yesterday, Bitcoin continued to show weakness, with intraday prices facing resistance to the upside, entering a consolidation phase. By the evening, the bearish sentiment shifted to strong, and the price broke downwards, reaching around 77,400. As of the time of writing, the overall situation has begun to ease, with prices showing a slight rebound. It remains below 80,000, currently operating around 79,500.

On the daily chart, there have been five consecutive days of bearish closes, with multiple long upper and lower shadows appearing at both high and low levels, indicating strong selling pressure and buying interest in the market. The MACD is in the negative zone on both the daily and hourly charts, with the MACD line crossing below the signal line. The RSI is hovering in the 30-40 range, close to the oversold area, indicating continued downward pressure in the market. EMA7, EMA30, and EMA120 are all in a downward trend, and prices continue to operate below these moving averages. The medium to long-term trend remains weak and volatile, with new lows being refreshed again. The intraday upward momentum is overall weak. Currently, the market has dropped to the lower boundary area; although there has been a pullback, the upward momentum is not strong. If the market cannot break and stabilize above the 81,000 resistance, there is a possibility of further declines. Mr. Coin advises against blindly chasing prices in intraday operations.

3.11 Short-term Reference for Bitcoin:

Light short position at 81,500-80,500, with a stop loss at 83,500, target below 80,000.

For long positions, pay attention to the situation breaking below 77,500, with a long range of 73,500-75,500, stop loss at 71,000.

3.11 Short-term Reference for Ethereum:

Short position at 2,000-2,050, with a stop loss at 2,150, target below 1,950.

For long positions, pay attention to the stabilization at 1,800, with a range of 1,720-1,780, stop loss at 1,600.

The sending of this article may be delayed, and the strategy suggestions are for reference only. The market changes rapidly; 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: 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 circle) to get the addition method: the first ten each day can receive free exit strategies.

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 circle, and have studied extensively in the U.S., mainly analyzing and guiding 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 only Mr. Coin's unique views. The article may be delayed in sending, and risks are borne by the reader. Manage your positions reasonably, and do not operate with heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to keep pushing. 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 in the cryptocurrency circle, refusing plagiarism and respecting originality!

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