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 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.
3.23 Mr. Coin's Analysis Reference for Bitcoin (BTC)
Bitcoin continued to fluctuate within a range yesterday, testing the upper resistance area around 84,500 multiple times during the day. However, it failed to break through again. The focus will be on whether this area can be broken. If it can break, there is a possibility for the price to move further towards the 85,000 resistance area, so I hope all cryptocurrency friends are prepared. Conversely, if it cannot break through for a long time, there is a risk of a short-term price pullback, so it is not recommended to blindly chase long positions before a breakout. Currently, the overall trend remains a wide fluctuation, with the upper focus at the 85,000 line and the lower support at the 82,000 line. Do not chase highs and sell lows before a breakout.
For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for the addition method: the first ten each day can receive free exit strategies.
3.23 Short-term Reference for Bitcoin:
Light short position at 84,500-86,000, with a stop loss at 87,500, target below 83,800.
Long position at 83,200-82,000, with a stop loss at 80,000.
3.23 Short-term Reference for Ethereum:
Short position: 2,050-2,000, with a stop loss at 2,280, target below 1,990 (currently holding a short position).
Long position at 1,930-1,880, with a stop loss at 1,750, target above 2,000.
The article may have delays in sending, and the strategy suggestions are for reference only. The market changes rapidly, and no matter how high your judgment of the market is, 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 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 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 and represents his unique viewpoint. There may be delays in sending the article, and risks are 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. Let's go!
—— This article is written by Mr. Coin, no plagiarism allowed, respect originality!
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