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 increase 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 the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

6.5 Mr. Coin's Analysis of Bitcoin (BTC) Market Trends

Yesterday, Bitcoin's market surged and then retraced, with the price rebounding around the 106,000 position in the evening, followed by a downward trend. Currently, it has pulled back again to the 104,100 line and is showing a rebound. Overall, the market is maintaining a wide range of fluctuations, but the range has shifted downward, with the current price operating around 105,000.

From the daily chart, the market has repeatedly rebounded but has not stabilized at the 106,000 line. The price breaking down indicates a further decline. Currently, the Bollinger Bands are in a contracting posture, with the middle line of the Bollinger Bands forming resistance around 106,700 and slowly moving upward. If the market cannot show a strong rebound during the day, there is a possibility of further price declines.

On the short-term hourly chart, the Bollinger Bands are also in a contracting posture, with the price retracing in the middle-lower band area. The short-term trend is under pressure at the 105,500 position. Although it has touched the 104,100 line and shown a rebound, long upper shadows frequently appear above, indicating that the market is under pressure. If it cannot break and stabilize above 105,290 in the short term, there is a possibility of further retracement, so be cautious of another price decline. Resistance above is at 105,800 and 106,700, while support below is at the 103,540 line. It is recommended to short at high prices and long at low prices.

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.

6.5 Short-term Reference for Bitcoin:

Short position: 105,800-107,000, stop loss at 108,800, target below 104,000.

Long position: 103,500-102,500, stop loss at 500, target above 104,500.

6.5 Short-term Reference for Ethereum:

Short position: 2,625-2,685, stop loss at 2,750, target below 2,580.

Long position: 2,505-2,555, stop loss at 30 points, target above 2,600.

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 your market judgment, always set stop-loss and take-profit levels to secure your gains.

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.

Mr. Coin's public account: Mr. Coin in the cryptocurrency space. 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.

Exclusive opinions, there may be delays in article delivery, risks are self-borne, and it is important to manage your position 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 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 going!

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

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