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 increase the probability of success. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends should learn while trading, summarizing both gains 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.

7.12 Mr. Coin's Cryptocurrency Market Analysis: Bitcoin (BTC)

The bullish sentiment for Bitcoin continues throughout the day, and as we approach the afternoon, it has once again broken through to a new high. Currently, it is nearing the high point of around 118,900, but it has not broken through again. The market is under pressure, experiencing a short-term reversal and testing support, with the price touching the 116,600 level but not breaking through, leading to a rebound. It is currently operating around the 117,550 position.

Moving forward, pay close attention to the resistance at the 119,000 level above. If the price can break through this area, it is highly likely that the market will continue to push for a new high, breaking through the 120,000 mark. Conversely, if the rebound lacks strength, the market may prepare to pull back to the 116,000 level. Cautious friends can consider placing a long position in this area.

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.

7.12 Short-term Reference for Bitcoin:

Lower test entry point: 119,500 - 120,500, stop-loss at 121,500, target below 118,500.

Upper test entry point: 116,500 - 115,500 long, stop-loss at 500, defend at 114,000, target above 117,500.

7.12 Mr. Coin's Cryptocurrency Market Analysis: Ethereum (ETH)

Ethereum has been on a continuous upward trend throughout the day, with prices constantly climbing. The price touched 3,040 but failed to rise further, opening up space above. The market then experienced a reversal, with prices declining. Currently, it has touched the low of 2,920 and has rebounded, with the 2,900 level not being broken. The upward trend has not changed, but this strong reversal has cooled down the hot market, so it is not advisable to blindly chase after rising prices. It is better to consider going long near the support after a stable pullback. The support below is focused on the 2,880 - 2,910 area, and if another opportunity arises, it can be considered for entry.

7.12 Short-term Reference for Ethereum:

Lower test entry point: 3,080 - 3,135, stop-loss at 3,280, target below 3,010.

Upper test entry point: 2,925 - 2,875, stop-loss at 30 points, target above 2,980.

There may be delays in sending articles, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in your market judgment, 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 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. 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, there may be delays in sending articles, 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, prepare well, and be ready to set off at any time. Keep it up!

—— This article is written by Mr. Coin, plagiarism is refused, and original work is respected!

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