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 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 improve the win rate. At the same time, investing is also a process of growth. Mr. Coin advises all cryptocurrency friends to learn while trading, and to summarize their gains and losses in a timely manner, deepening their understanding of risks and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.
6.18 Cryptocurrency Mr. Coin: Bitcoin (BTC) Market Analysis Reference
Bitcoin rebounded after testing around 103300 yesterday. As of the time of writing, the price has rebounded by over a thousand points, currently trading around 104500, but it has not broken through the short-term resistance at 105000, leading to a consolidation pattern. The short-term trend continues to show narrow fluctuations, with prices oscillating around 14500, and as of now, the price fluctuation range is only about 700 points, with no breakthrough in the oscillation pattern.
From the short-term chart, the trend is operating below the middle track, with prices maintaining a consolidation phase. However, the lower track gap has been opened, and the daily support is slowly moving down. If the price can break through the 105500 resistance, there is a possibility of further downward retracement. Please be prepared. The lower support to watch is around 103000 and 101500, while the upper focus is on the stability of the breakthrough at 105500. It is still 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 in the cryptocurrency circle) for ways to add: the first ten each day can receive free exit strategies.
6.18 Bitcoin Short-term Reference:
Short entry point 104800-105500, stop loss at 110300, target below 107000,
Long entry point 102000-103000, stop loss 500, defend at 100500, target above 104300,
There may be delays in article transmission, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how high your judgment of the market is, 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 in the cryptocurrency circle) for ways to add: the first ten each day can receive free exit strategies.
For more real-time trades, you can follow my public account for online market 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 not familiar with trading, you are welcome to study and learn together.
Exclusive views, there may be delays in article transmission, 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 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, 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, refusing to plagiarize and respecting originality!
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