Mr. Coin in the Crypto Circle: Bitcoin continues to reach new highs, and the upward trend has not changed. Bitcoin (BTC) and Ethereum (ETH) latest market analysis and reference for today, including operational reference ideas.

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1 day ago

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 advises all cryptocurrency friends to learn while trading, summarizing both profits 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.

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

Bitcoin's intraday market broke new highs this morning, refreshing its historical peak, with a strong upward price movement. The current high point is around 113760, and this wave of upward movement has increased by over 3000 points, reigniting bullish sentiment and further opening up space above.

From the short-term hourly chart, with this wave of upward movement, the upper Bollinger Band gap has been opened. The price is slightly under pressure at the 113760 position, and the market has entered a high-level consolidation after a pullback. The overall trend remains upward, so subsequent operations are recommended to focus on long positions. The strategy is to maintain a buy on pullbacks, and if new highs are broken, follow the trend to capture short-term profits. Support below is at the 111500 line, followed by 111000. Mr. Coin reminds everyone that with an intraday increase of nearly 3000 points and the market breaking new highs, it is important to prevent the market from pulling back and re-entering the consolidation zone. Therefore, chasing long positions is not recommended for sustained holding; it is wise to secure profits in a timely manner. When facing significant market fluctuations, it is advisable to observe rather than act hastily.

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 participants can receive free exit strategies.

7.11 Short-term Reference for Bitcoin:

Lower test entry point 113600-114500, stop loss at 115500, target below 112500,

Upper test entry point 110500-111500 long, stop loss 500, defend at 110000, target above 112000,

7.11 Mr. Coin's Analysis of Ethereum (ETH) Market Trends

Ethereum has broken the 2800 line as expected, currently touching around 2840 and facing resistance, indicating that there is still resistance above. It is not recommended to blindly chase long positions before breaking the previous high of 2880 to prevent being caught in high positions. The short-term market is blocked and remains in high-level consolidation, with the price currently running around 2810. However, the overall upward trend remains unchanged, so we will wait for a pullback to reach support before considering entering long positions.

Currently, Ethereum's trend is good, and low-level spot long positions can continue to be held. The short-term price is also continuously testing upward, so we should maintain trend-following operations. The current price level is too high, so it is prudent to wait for a pullback to re-enter. Support below is at around 2730, followed by the 2750 line.

7.11 Short-term Reference for Ethereum:

Lower test entry point 2850-2905, stop loss at 3080, target below 2800,

Upper test entry point 2755-2705, stop loss 30 points, target above 2805,

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. 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 participants 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 space, and have studied extensively in the U.S. focusing on analyzing 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.

Exclusive opinions, there may be delays in article transmission, risks are self-borne, and it is important to control 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 and respect originality!

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