The cryptocurrency trading market 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 increase 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.

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

Bitcoin's intraday market has pulled back and is currently approaching the 109,000 level again. The short-term trend shows a fluctuating upward movement, and it is once again nearing the previous resistance area. The bullish sentiment is gradually warming up, and one should be cautious of a breakout to the upside. If the price stabilizes above 109,000 during the day, the market is expected to further test the 110,000 level, recovering all recent declines. Conversely, it will continue to pull back to the support below, so all cryptocurrency friends should prepare in advance.

From the perspective of the short-term hourly chart, the Bollinger Bands are opening upwards. The momentum has slowed down due to the resistance area tested multiple times yesterday without a breakthrough. Therefore, although the short-term market is showing an upward wave, it has not broken out yet, and it is not recommended to blindly chase aggressive operations. It is prudent to wait for a pullback to test support before re-entering. Pay attention to the levels around 105,000 and 103,000 below. If there is a pullback during the day, consider entering long positions, and watch for the stabilization at 109,000 above.

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.

6.17 Short-term Reference for Bitcoin:

Lower test entry points at 107,800-108,500, with a stop-loss at 110,300. Target below 107,000.

Upper test entry points at 105,500-104,500 long, with a stop-loss at 500, and a defense at 102,500. Target above 106,500.

The article may have delays in sending, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgments, it is essential to manage take-profit and stop-loss effectively to secure 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 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 circle, and have studied extensively in the U.S. focusing on analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are unsure about trading, you are welcome to study and learn together.

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