Cryptocurrency trading is a long-term plan; it is not about immediate results, 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 increase the probability of success. 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 a correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

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

Yesterday, Bitcoin's daily chart fell below the Bollinger support. After opening yesterday, the downward trend continued into the evening, currently breaking below the 106,000 level, with prices continuously declining. The daily chart has already given a correction signal; as long as the price does not break above the 106,500 resistance, the probability of further decline is expected to increase. There is a possibility of a retracement to the daily EMA30 support, so cryptocurrency friends should prepare in advance.

Looking at the short-term hourly chart, the trend has been continuously bearish, with the Bollinger Bands opening up. The price continues to decline towards the lower band, and currently, bearish sentiment is quite strong. If it cannot break above the 106,500 five-day moving average resistance in the short term, the downward trend is expected to continue. The intention to decline in the short term is quite clear, and the daily chart also shows a correction signal. The focus should be on the 105,000 low support area; if it breaks below, there will be significant downward space, so pay attention to the breakout or stabilization in this range. If it breaks, continue to maintain a short position; conversely, if it stabilizes, watch the 106,000-108,500 consolidation range. Currently, the trend is weak, and it is prudent to maintain a short position on 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 people each day can receive free exit strategies.

6.13 Short-term Reference for Bitcoin:

Short position entry point 107,800-106,500, stop loss at 108,800, target below 106,000.

Long position entry point 105,000-104,000, stop loss at 500, defend at 102,500, target above 106,500.

There may be delays in article posting; 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: Mr. Coin in the cryptocurrency circle. 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 people 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 in the U.S. multiple times, mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are unsure about trading, you are welcome to study and learn together.

Exclusive opinions, there may be delays in article posting, risks are self-borne, and it is important to control 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 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. Let's go!

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

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