Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. 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 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.

11.2 Bitcoin (BTC) Market Analysis Reference

Bitcoin's rebound yesterday was as expected, running around the 110,000 mark, with the rebound strength gradually weakening. The current price is near 110,200, and the upper resistance is slowly moving down. If it cannot stabilize around the 110,000 mark, the price is likely to retreat to the intraday support. Please be prepared.

From the short-term hourly chart, the market rebound has not stabilized, and the trend continues to oscillate around the five-day and ten-day moving averages. Currently, it is facing resistance at the thirty-day moving average. If it cannot rebound and stabilize in this area, there is a possibility of further decline. The market continues to oscillate, with an intraday increase of less than a thousand points, forming a tug-of-war between bulls and bears. Since the market is maintaining oscillation and repair, it is not recommended to blindly chase long positions before breaking the level. A steady approach is to focus on short positions during rebounds, and if the level is broken, one can try to follow with a light position. Pay attention to the upper resistance around 112,000 and the lower support around 108,200.

11.2 Bitcoin Short-term Reference:

Short position entry point 111,500-112,500, stop loss at 114,800, target below 111,500.

Long position entry point 107,500-106,500, stop loss at 500, defend at 104,000, target above 108,300.

There may be delays in sending articles, and strategy suggestions are for reference only. The market changes rapidly, and no matter how high the confidence in market judgment is, it is essential to manage take-profit and stop-loss properly to secure profits.

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 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 not familiar with trading, you are welcome to study together. For more real-time trading strategies and online technical learning, you can follow my mentor's public account (Mr. Coin on Cryptocurrency) to get the addition method: the first ten each day can receive free exit strategies.

This is an exclusive viewpoint. There may be delays in sending articles, and risks are borne by oneself. Manage positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, moving forward together. 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. Keep going!

—— This article is written by Mr. Coin in the cryptocurrency space, refusing to plagiarize and respecting originality!

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