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 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 the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.
3.26 Mr. Coin's Analysis of Bitcoin (BTC) Market Trends
Yesterday, Bitcoin retraced to the 86200 line, and the price slightly rebounded to the 88500 line before facing resistance. Subsequently, the price continued to decline, and currently, the trend has returned to the area above 87000, with bullish sentiment weakening throughout the day, and the market has once again entered a high-level consolidation.
From the daily chart, although the price rebounded yesterday, the subsequent supply was insufficient, and the trend did not stabilize upward. Currently, it is retracting again, with a low rebound at the 87000 position. If the price cannot sustain a rebound and break through yesterday's high resistance, it is expected that the consolidation will continue for some time. On the short-term hourly chart, the Bollinger Bands are narrowing, and the price is maintaining above the middle band. The current price fluctuates between 88500 and 86000, with short-term support at the middle band around 86000. For daily operations, it is advisable to maintain high short and low long positions.
For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for addition methods: the first ten each day can receive free exit strategies.
3.26 Short-term Reference for Bitcoin:
Light short positions at 87500-88500, with a stop loss at 90500, target below 86800, stop loss: 500.
Long positions in the 85500-84000 range, with a stop loss at 83000, stop loss: 500.
3.26 Short-term Reference for Ethereum:
Short positions at 2130-2090, with a stop loss at 2280, target below 1990, stop loss: 2300.
Long positions in the 1930-1980 range, with a stop loss at 1750, stop loss: 50 points, target above 2000.
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 addition methods: 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 perspective. 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 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. Keep it up!
—— This article is written by Mr. Coin, no plagiarism allowed, respect originality!
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