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 losses in the short term, 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 advises all cryptocurrency friends to learn while trading, summarizing both profits and losses in a timely manner, deepening the understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

9.6 Bitcoin (BTC) Market Analysis Reference

Yesterday, Bitcoin's market surged and then retraced, with the upward momentum failing. The bulls further weakened, touching around the 113340 position and facing pressure. The current price is around 111200. As of the time of writing, the price remains within a range for repair and consolidation. If it breaks below the 110000 support level, there may be a possibility of a pullback during the day; conversely, it will continue to consolidate within the range. I hope everyone is prepared in advance.

Currently, short-term signals indicate a pullback, and the trend is leaning downward. The entry point suggested in Mr. Coin's article yesterday was effective, so the recommendation remains to focus on short positions during rebounds. The upper resistance is around 112500-113500, while the lower support is at the 110000 level.

9.6 Bitcoin Short-term Reference:

Short entry point 112200-113200, stop loss at 115200, target below 111500.

Long entry point 110000-109000, stop loss at 500, defend at 107000, target above 111000.

There may be a delay in the article's release; 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 to secure gains.

For more real-time trades daily, you can follow my public account to obtain information. You can learn technical analysis online, manage positions, etc. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied in the U.S. multiple times, mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are unsure about trading, you are welcome to study and learn together. For more real-time trading strategies and online technical learning, you can follow the mentor's public account (Mr. Coin in the cryptocurrency circle) to get the addition method: the first ten people each day can receive free strategies for managing positions.

This is an exclusive viewpoint. There may be a delay in the article's release, and the risk is 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, sharpen your skills, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin in the cryptocurrency circle, no plagiarism allowed, respect originality!

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