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 losses in the short term, 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 gains 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.
4.12 Mr. Coin's Analysis of Bitcoin (BTC) Market Trends
Bitcoin retraced and surged in the evening, with prices breaking through the 83,000 level. The daily increase continues, and support is slowly moving up. The focus will be on the stability around the 84,000 level; if it cannot stabilize effectively, there is still a risk of a pullback during the day.
Looking at the short-term hourly chart, the Bollinger Bands are opening upwards, with the middle band support moving up to the 80,000 position. The MACD on the 4-hour level shows both the fast and slow lines in the positive area, and the MACD histogram is showing an upward trend, indicating strong bullish momentum in the short term. The RSI on the 4-hour level is at 61, close to the overbought zone but not yet in it. The EMA on the 4-hour level shows prices maintaining above EMA7 and EMA30, with EMA7 crossing above EMA30, indicating short-term moving averages are supporting the price. Overall, the trend shows the price is oscillating at a high level, with limited upward space in the short term and still a tendency for a pullback. It is recommended to focus on short positions during rebounds.
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 daily followers can receive free exit strategies.
4.12 Short-term Reference for Bitcoin:
Light short positions at 84,000-84,800, with a stop-loss at 83,500, target below 83,000.
Long positions at 80,500-79,500, stop-loss at 500, target above 81,300.
4.12 Short-term Reference for Ethereum:
Short positions at 1,640-1,580, with a stop-loss at 1,780, target below 1,500.
Long positions at 1,430-1,480, stop-loss at 30 points, target above 1,530.
There may be delays in sending this article; 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 daily followers 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. focusing on analyzing 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 perspective. There may be delays in sending the article; 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, no plagiarism allowed, respect originality!
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