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 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 should 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.

5.17 Cryptocurrency Mr. Coin: Bitcoin (BTC) Market Analysis Reference

Currently, the trend shows that Bitcoin has once again surged and then pulled back. It was initially thought that the market would break out this month, but given the resistance area around 105,000 that has been tested multiple times without breaking through, it still seems a bit lacking. Currently, it is in a high-level adjustment phase, and the key support below has not been broken, so a significant drop is not likely. Therefore, it is expected that the sideways consolidation will continue for a while. In terms of news, as the cryptocurrency market is gradually changing in size, the short-term impact on prices will not be as significant as in the past.

From the hourly chart, the pullback is still ongoing, and the subsequent rebound is relatively weak. Therefore, it is currently advised not to enter long positions and to be cautious of another range pullback. The current trend is a range fluctuation, so it is recommended to focus on short positions during the range rebound, with long positions as a supplement.

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 the addition method: the first ten each day can receive free exit strategies.

5.17 Bitcoin Short-term Reference:

Light short positions at 104300-105300, with a stop loss at 106800, target below 103000, stop loss: 500.

Long positions at 101500-102500, with a stop loss of 500, defense at 100500, target above 103500.

5.17 Ethereum Short-term Reference:

Short positions: 2540-2595, with a stop loss at 2700, target below 2490, stop loss: 50.

Long positions: 2400-2440, stop loss of 30 points, target above 2500.

There may be delays in article delivery, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in market judgments, 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 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 circle, and have studied extensively in the U.S. to mainly analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are not familiar with trading, you are welcome to study and learn together.

Exclusive views, there may be delays in article delivery, risks are self-borne, and it is important to control positions reasonably. Do not operate with 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 lightly. In investing, one must learn to be optimistic. Do not let your future self dislike your current 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, sharpen your skills, and be ready to set off at any time. Keep it up!

—— This article is written by Mr. Coin in the cryptocurrency circle, no plagiarism, respect originality!

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