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 to plan the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

Mr. Coin's Cryptocurrency Market Analysis Reference for September 2: Bitcoin (BTC)

Bitcoin's intraday rebound did not break through the resistance at 110,000, with a high of 109,900 facing pressure. The subsequent price correction fell below the short-term support, leading to another wave of decline. Fortunately, the 107,000 level was not breached, and the current price is operating at 108,500.

In the short term, looking at the hourly chart, the trend has retraced into the range, and the upper support is slowly moving down. If there is no breakthrough at the 110,000 mark, there is a chance for the trend to fall below the 108,000 level again, with the possibility of further declines. I hope all friends are prepared in advance. The intraday trend is weak, so our short-term strategy remains focused on rebound short positions, with resistance still around 110,000.

Market Analysis Reference for September 2: Bitcoin

Short position entry point in the 109,800-110,900 range, with a stop-loss at 112,500 and a stop-loss of 500, targeting below 109,000.

Long position entry point in the 107,000-108,000 range, with a stop-loss at 105,500 and a stop-loss of 500 points, targeting above 109,300.

There may be delays in article posting, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgments, it is essential to manage take-profit and stop-loss levels properly. For more real-time strategies and online technical learning, as well as ways to exit positions, you can follow the official account of Mr. Coin (币圈币先生) to get the addition method: the first ten each day can receive free strategies for exiting positions.

For more real-time strategies daily, you can follow my official account to access 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 cryptocurrencies. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

This article is exclusively shared by Mr. Coin and represents his unique perspective. There may be delays in posting, and risks are to be borne by the reader. Manage your positions reasonably and avoid 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. Let's go!

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

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