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 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.

8.17 Bitcoin (BTC) Market Analysis Reference

Bitcoin's intraday market remains in consolidation, with multiple attempts to break through resistance positions failing, and upward momentum weakening, leading to a price pullback as expected. Currently, the price is running at the 117500 level, with short-term support having shifted downwards, but the consolidation pattern has not changed, so the current strategy is to go short at high points and long at low points.

On the short-term hourly chart, the Bollinger Bands are narrowing, with both bulls and bears in a stalemate, and the price is hovering within a range, showing no signs of breaking out for now. Therefore, we can seize a range profit in the short term. The upper resistance to watch is at 118500, and the lower support is at 115600. Be aware that the short-term market is quite volatile, and try to control risks when trading. If key positions are not broken, it is not recommended for cryptocurrency friends to blindly follow.

8.17 Bitcoin Short-term Reference:

Short entry point 118300-119300, stop loss at 121500, target below 117500,

Long entry point 115500-116200, stop loss at 500, defend at 113000, target above 117400,

There may be delays in article posting, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in market judgments, always set take-profit and stop-loss levels. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for ways to add: the first ten each day can receive free exit strategies.

For more real-time trades, you can follow my public account for online market 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. For those who are unsure about trading, you are welcome to study and learn together.

Exclusive views, there may be delays in article posting, risks are self-borne, manage your positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together and cheer each other on. 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 from the cryptocurrency circle, no plagiarism, respect originality!

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