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 suggests that all cryptocurrency friends 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.

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

Yesterday, Bitcoin's market maintained a range consolidation, with prices fluctuating between 115,600 and 118,500. The trend did not break upward as expected, but the long positions during the pullback still seized the opportunity. Congratulations to those who followed along. Currently, the market continues to oscillate, with a focus on the breakthrough situation at the 119,000 level. If it does not break, the current oscillation pattern will remain unchanged. Conversely, the market is expected to further test upward, with a possibility of breaking the 12,000 mark.

On the daily chart, yesterday's trend ended with a bearish candle, and the price faced pressure around the 118,500 level. The bullish sentiment during the day began to weaken, and the market entered a corrective phase under pressure. Currently, the ten-day moving average still maintains an upward posture, but there is strong resistance at the 12,000 level. Therefore, short-term operations should focus on shorting high and going long low, with the range still paying attention to the 115,000-118,000 area.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for addition methods: the first ten each day can receive free exit strategies.

7.15 Bitcoin Short-term Reference:

Lower test entry point 117,500-118,500, stop loss at 120,000, target below 116,500.

Upper test entry point 115,000-116,000 long, stop loss 500, defend at 113,000, target above 117,500.

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

Ethereum was strong against Bitcoin during the day. Yesterday, the market maintained a bullish trend, closing with a strong bullish sentiment. In the evening to early morning, there was a strong spike, but the subsequent market correction was also quite strong. The price has currently pulled up by a hundred points, facing pressure around the 3,097 level. The overall oscillating upward pattern remains unchanged. If the price can break the 3,100 level, then the upper space will be further opened, and the upward momentum is expected to continue.

On the short-term hourly chart, the Bollinger Bands are opening, and the market is operating in the middle to upper band area. The price range is continuously compressing, and the upward momentum is beginning to weaken. It is expected that the market will undergo a wave of consolidation, so it is not recommended to blindly chase after the rise before breaking the 3,100 level. Focus on steady pullbacks for long positions, with short positions as a supplement. Support below is at 2,990-2,960, and resistance above is at 3,100.

7.16 Ethereum Short-term Reference:

Lower test entry point 3,145-3,085, stop loss at 3,280, target below 3,050.

Upper test entry point 2,995-2,955, stop loss 30 points, target above 3,040.

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 market judgments, always set stop-loss and take-profit levels to secure profits. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for addition methods: the first ten each day can receive free exit strategies.

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 space, 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.

Exclusive opinions, articles may be delayed in sending, risks are self-borne, and positions should be reasonably controlled. 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. Keep it up!

—— This article is written by Mr. Coin, and we refuse to plagiarize and respect originality!

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