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 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 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.
6.28 Cryptocurrency Mr. Coin: Bitcoin (BTC) Market Analysis Reference
Yesterday, Bitcoin faced pressure around 1,076,500 and retraced, with bullish sentiment gradually weakening throughout the day. The price has been fluctuating within a range. As of the time of writing, it has once again touched a low near 1,063,000, showing a slight rebound. The current price is around 1,066,000, and both bulls and bears are starting to push up again, with the focus still on the resistance at 1,076,000.
From the daily chart, the trend has closed with two consecutive bearish candles, and bearish sentiment is gradually intensifying. The market is once again under pressure and retracing, with prices continuously testing downward. Short-term support is near the five-day moving average. If this support area is broken during the day, the market may continue to retrace and test the daily Bollinger middle line. The attached MACD and Stoch continue to maintain parallel positions, while the RSI shows a slight downward trend. The movement is exhibiting a wide range of fluctuations, so it is not recommended to blindly chase after price increases during the day.
On the short-term hourly chart, the Bollinger Bands are narrowing. The market has broken below the four-hour Bollinger middle line and is operating in the lower mid-range. Although there is a rebound, the upper mid-line resistance is continuously moving down. If a sustained rebound cannot break through, there is a possibility of another pullback to support. It is still recommended to operate within the range, selling high and buying low, with upper resistance at 1,076,000 and lower support at 1,058,000.
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 addition methods: the first ten each day can receive free exit strategies.
6.28 Bitcoin Short-term Reference:
Lower test entry point 1,076,000-1,085,000, stop-loss at 110,000, target below 1,068,000.
Upper test entry point 1,053,000-1,063,000 long, stop-loss at 500, defend at 104,000, target above 1,070,000.
There may be delays in article transmission, 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.
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. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, etc. For those who are unsure about trading, you are welcome to study and learn together.
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 addition methods: the first ten each day can receive free exit strategies.
Exclusive views, there may be delays in article transmission, risks are self-borne, manage your positions reasonably, and avoid 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 going!
—— This article is written by Mr. Coin in the Cryptocurrency Circle, no plagiarism, respect originality!
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