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 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.

3.13 Mr. Coin's Analysis of Bitcoin (BTC) Market Trends

Bitcoin continues to fluctuate within a range during the day, with support moving upward. It has oscillated upward to around 84,500, rebounding after a pullback, forming a V-shaped reversal. The current price is around 82,700, forming a short-term testing resistance level. The market then re-enters a wide fluctuation rhythm, but due to the rapid rebound in recent trends, it is advised to pay attention to risk control. The news is also mixed, with influences intertwining.

From the short-term hourly chart, the Bollinger Bands are in a contracting state, with recent prices fluctuating between 80,500 and 84,500, forming a clear range consolidation pattern. There are also long upper shadows, indicating significant selling pressure above. The 41-hour MACD shows signs of a golden cross, suggesting a possible short-term rebound. However, the overall strength is not significant. The EMA: the 4-hour EMA7 (82,299.23) is below the EMA30 (83,239.55) and EMA120 (87,691.15), indicating a bearish short-term trend. The 1-hour EMA7 (82,393.39) is close to the EMA30 (82,182.70), and the overall trend remains a wide range fluctuation. Attention should be paid to the resistance at 85,000 and support at 79,500. The previous article also mentioned that if the price cannot stabilize above 85,000, there is a chance for a downward reversal. Until the trend breaks through the previous levels, do not chase highs or sell lows. Therefore, it is recommended to operate with light positions, focusing on shorting at high points and longing at low points.

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 people each day can receive free exit strategies.

3.13 Short-term Reference for Bitcoin:

Light short positions at 84,500-85,500, with a stop loss at 87,500, target below 82,000.

Long positions should focus on the situation if it breaks below 79,000, with longs in the 79,500-80,500 range, stop loss at 77,500.

3.13 Short-term Reference for Ethereum:

Short positions at 2,080-2,030, with a stop loss at 2,230, target below 1,980.

Long positions should focus on the stabilization at 1,850, with longs in the 1,820-1,870 range, stop loss at 1,650, target above 1,920.

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: 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 people each day can receive free exit strategies.

For more real-time trading strategies, 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., 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 and represents his unique viewpoint. 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, and we refuse to plagiarize and respect originality!

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