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.

4.7 Mr. Coin in the Cryptocurrency Circle: Bitcoin (BTC) Market Analysis Reference

The market is difficult to digest in the short term under this environment, and panic sentiment is spreading continuously, maintaining a state of extreme fear that has not dissipated for a long time. Coupled with frequent negative news, which further affects the trend direction, the pullback is still ongoing. Whether in terms of market environment or current trends, I personally do not recommend blindly bottom-fishing, as no one knows where the bottom is. Short-term operations should focus on short positions in line with the trend.

Bitcoin's intraday market first maintained a weak trend, with prices touching the 83,800 line before facing pressure and pulling back. By early morning, the market entered a downward mode again, and as of now, the decline has reached nearly 7,000 points, with the lowest price approaching previous low levels. A large amount of negative news and the continuous absorption of gains have also contributed to the significant drop in this market.

From the four-hour chart, the intraday recovery rhythm has been broken again, and the market has swallowed the previous gains once more. The current trend has seen continuous large bearish candles, with prices plummeting and opening a gap at the lower boundary. Overall, the bearish sentiment is quite strong, and the downward trend has not yet dissipated. If the price breaks below the previous low, 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 80,000, followed by around 81,200.

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) for addition methods: the first ten each day can receive free exit strategies.

4.7 Bitcoin Short-term Reference:
Light short positions at 80,500-81,500, with a stop-loss at 83,500, and a target below 80,000.

Light short position two (78,500-79,500) with a stop-loss at 83,500, stop-loss 500, target below 87,000 (holding short position).

4.7 Ethereum Short-term Reference:

Short position: 1,630-1,580, with a stop-loss at 2,230, stop-loss: 2,280, target below 1,790.

The sending of articles has a delay, and strategy suggestions are for reference only. The market changes rapidly, and regardless of 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 in the Cryptocurrency Circle) 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 circle, 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 in the Cryptocurrency Circle and represents his unique viewpoint. There may be delays in sending articles, and risks are to be 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 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 Circle, refusing plagiarism and respecting originality!

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。