Cryptocurrency trading is a long-term plan; it is not about immediate results, 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 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.
7.5 Mr. Coin's Analysis of Bitcoin (BTC) Market Trends
Yesterday, Bitcoin's market continued to fluctuate downward, with prices under pressure around 110,000. Although there was a rebound afterward, the upward momentum began to weaken. It has now broken down again, and currently, it is approaching the support area mentioned yesterday around 107,200, which has provided some relief, with previous gains being retraced.
From the four-hour chart, the Bollinger Bands are in an opening posture, with prices running below the middle line, maintaining a weak fluctuating trend. All moving averages are trending downward, and the short-term range is continuously moving down. If it breaks the daily support at 106,000 again, there is a risk of further price decline. Conversely, if the 106,000 level holds, the price may still trend upward. Currently, the trend is showing a downward fluctuation, so if the market does not stabilize above 108,200, the fluctuating market will continue for a while.
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.
7.5 Short-term Reference for Bitcoin:
Lower entry point 109,500-108,300, with a stop loss at 111,500, target below 107,800.
Upper entry point 105,500-106,600 long, with a stop loss at 500, defense at 104,000, target above 107,000.
There may be delays in article delivery; 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 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 cryptocurrency, 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.
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.
Exclusive opinions, with potential delays in article delivery, risks are self-borne. Manage your positions reasonably; do not operate with heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, moving forward together. 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, and we refuse to plagiarize; we respect originality!
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