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 should learn while trading, summarizing both profits and losses in a timely manner to deepen their understanding of risks and develop the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

7.19 Mr. Coin's Analysis Reference for Bitcoin (BTC)

Yesterday, Bitcoin's price slightly broke down around 120,950, which led to selling pressure. Subsequently, the price continuously retraced downwards, and as of now, it has pulled back to above 117,000. The bullish sentiment during the day has weakened, and the market has once again entered a range consolidation.

From the daily chart, although the price rebounded yesterday, the subsequent supply was insufficient, and the trend did not stabilize upward. Currently, it is again retreating to the support below, with the recent low around 117,300. If the price cannot sustain a rebound and break through yesterday's high, it is expected that the consolidation will continue for some time. For daily operations, it is advisable to maintain high short and low long positions.

On the short-term hourly chart, the Bollinger Bands are in a contracting posture, with the price under pressure and retracing in the middle-lower band area. The short-term middle band resistance is at around 118,500. If it can break through and stabilize, the price is expected to return above 120,000. Conversely, if multiple attempts fail to form an effective breakthrough, it is expected that the price will retreat to the support area of 11,500-11,600.

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.

7.19 Short-term Reference for Bitcoin:

Lower test entry point: 120,500 - 119,500, stop loss at 121,500, target below 118,000.

Upper test entry point: 115,000 - 116,000 long, stop loss at 500, defend at 113,500, target above 117,800.

7.19 Mr. Coin's Analysis Reference for Ethereum (ETH)

Ethereum has recently been in a one-sided upward trend, continuously breaking new highs. Currently, the price has once again broken through the 3,600 resistance, with the trend further testing upwards. The intraday high around 3,673 is under pressure and has retraced, temporarily easing bullish sentiment. The current coin price is around 3,550. If it can stabilize above 3,600 during the day, there is potential for new highs towards the 3,700 line. Conversely, if it cannot stabilize above 3,600, there may be a chance to retreat to the support below.

The daily chart shows consecutive bullish candles breaking out. On July 16, there was a single-day surge of 7.45%, forming a gap. After reaching 3,673 on July 18, it closed with a long upper shadow. On the hourly chart, a double top structure formed at 3,624, and the current price has broken below the 3,580 neckline, establishing a short-term head pattern. MACD: The daily DIF (235) and DEA (148) continue to diverge upwards, but the hourly level shows a top divergence, with DIF falling from 73.42 to 29.39. There is a short-term pullback, but the intensity is not large, and as long as it does not drop below 3,480, the overall outlook remains bullish. It is recommended to focus on long positions during pullbacks.

7.19 Short-term Reference for Ethereum:

Lower test entry point: 3,640 - 3,680, stop loss at 30, target 30-60 points.

Upper test entry point: 3,480 - 3,545, stop loss at 30 points, target above 3,470.

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 your gains. 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., mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are not familiar with trading, you are welcome to study and learn together.

Exclusive views, articles may be delayed, 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, move forward together, and keep pushing. 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. Let's go!

—— This article is written by Mr. Coin, no plagiarism, respect originality!

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