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 advises all cryptocurrency friends to learn while trading, summarizing both gains 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.
To my fellow cryptocurrency traders: Remember the glory, and move forward towards the sun
Eighty years ago, our ancestors fought against strong enemies with their flesh and blood to protect their homeland, using indomitable will to achieve the great victory of the War of Resistance Against Japan. This spirit of "not fearing difficulties and fighting to the end" is a strength engraved in the bones of our nation.
As people in the cryptocurrency world, we often face market fluctuations and industry challenges, but this resilience of "holding onto beliefs and facing difficulties" is inherited from the spirit of resistance. The market has its ups and downs, but we must not lose our original intention. Just as our ancestors protected their homeland, we must also safeguard our judgment of value and our confidence in the long term.
On the occasion of the 80th anniversary of the victory in the War of Resistance, may we remember history, inherit the spirit, explore diligently on the path of compliance, respond to changes with professionalism, protect our assets, and contribute to the industry. Let us not betray the blood of our ancestors, nor the opportunities of the present, and move towards a more determined future!
9.3 Bitcoin (BTC) Market Analysis Reference
Bitcoin's intraday trend has pulled back and then surged again, touching the low of 108,300 before rebounding. The current price has returned to above 110,000, with a slight upward movement. The hourly chart shows the trend operating in the upper-middle track area, with the upper gap opened. If the market stabilizes above 110,000, there is a possibility of breaking upward again. The short-term trend leans towards upward movement, so we can follow the trend and go long; holding short positions for a long time is not recommended. The support below is around the middle track near 109,000.
Looking at the short-term four-hour chart, after testing the low of 107,500, it rebounded, forming a long lower shadow, indicating buying support. The daily EMA60 and EMA30 (115,897) have become key resistance levels, and the market is in a correction cycle. If the support level is broken, the price is expected to have further downside risk. Conversely, if it stabilizes at the 110,000 mark, the market is expected to oscillate upward. Therefore, the intraday strategy remains to go long on the pullback. Currently, the key resistance on the daily chart is around 112,700.
9.3 Bitcoin Short-term Reference:
Short entry point 112,500-111,500, stop loss at 114,500, target below 110,500.
Long entry point 110,000-109,000, stop loss at 500, defend at 108,000, target above 111,000.
There may be a delay in sending the article, and the 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 trades daily, you can follow my public account to get online technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency world, 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 not familiar with trading, you are welcome to study and learn together. For more real-time trading strategies and online technical learning, you can follow my public account (Mr. Coin in the cryptocurrency world) to get the addition method: the first ten people each day can receive free exit strategies.
Exclusive opinions, there may be a delay in sending the article, risks are self-borne, manage your positions reasonably, and 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. Keep going!
—— This article is written by Mr. Coin in the cryptocurrency world, no plagiarism, respect originality!
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