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 advises all cryptocurrency friends to learn while trading, summarizing both gains 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.

9.20 Bitcoin (BTC) Market Analysis Reference

Bitcoin is continuing its downward trend today, with the short-term upward momentum interrupted. The current price has retraced to around 115,500. Looking at the short-term hourly chart, bullish sentiment is weakening. The short-term rebound attempt in the early morning has failed, and it is expected that the price will continue to retrace, so currently, it is not recommended to enter long positions. It is better to wait for a retracement before considering further action.

From the four-hour chart, the market is in a consolidation phase during the retracement, but as long as the daily support is not broken, the overall upward pattern will not change. Therefore, we should still focus on long positions during retracements. The support below is around the 14,000 level.

9.20 Bitcoin Short-term Reference:

Short position entry point 117,800-116,800, stop loss at 119,800, target below 115,500,

Long position entry point 114,800-113,800, stop loss 500, defend at 112,100, target above 116,500,

There may be delays in the article's release, 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 trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin in the cryptocurrency circle) for ways to add: the first ten each day can receive free exit strategy advice.

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 circle, and have studied extensively in the U.S. to primarily analyze and guide 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 the article's release, 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, to move forward together, and to 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 in the cryptocurrency circle, no plagiarism, respect originality!

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