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 increase 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 their understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

12.6 Bitcoin Market Analysis Reference

Yesterday's Bitcoin market saw a rise followed by a pullback, and it has now fallen below the 90,000 mark, with the low approaching the 88,000 line. However, compared to yesterday, the market has shifted from strong to weak, so caution is needed to avoid further declines. The focus should be on the previous low support levels. If it does not break down, the market will still be in a wide range of fluctuations, and a rebound is expected. Conversely, if it breaks down, the price may continue to test lower levels, so all cryptocurrency friends should be prepared.

From a technical perspective, the 2-hour chart shows a series of consecutive bearish candles, with the price dropping from 92,692 to around 88,000, forming a descending channel. Although a long lower shadow (low point 87,974) appeared last night, indicating short-term buying support, the overall trend is still constrained by the 7-day and 30-day moving averages (at 89,686 and 90,813, respectively).

On the daily chart, a large bearish candle was formed on December 5 (closing at 89,330), creating a bearish engulfing pattern with the previous trading day. At the same time, the MACD indicator on the 2-hour chart shows that the distance between the DIF and DEA is continuously expanding below the zero axis (-690/-522), and the histogram on the daily chart remains negative (-1,643), indicating weakness. The EMA moving average system shows that the price is being suppressed by the 120-day moving average (90,551) on the 2-hour chart, and the daily EMA7 (90,325) has crossed downwards below EMA30 (93,810), indicating an overall weak trend. The focus should be on the resistance at the 90,000 level; if the price does not break through this area during a rebound, it is expected to retreat to lower support levels. Therefore, it is not recommended to blindly chase after rising prices. The market has shifted from strong to weak, so the short-term trading strategy suggests focusing on short positions.

12.6 Bitcoin Short-term Trading Strategy Reference:

Short entry point 90,300-91,300, stop loss at 93,500, take profit: below 89,500,

Long entry point 87,300-88,300, stop loss at 30 points, take profit: above 89,300,

12.6 Ethereum Short-term Strategy Reference:

Short entry point 3,065-3,115, stop loss at 30 points, take profit: below 3,020,

Long entry point 2,981-2,931, stop loss at 30 points, take profit: above 3,020,

There may be delays in sending articles, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgments, it is essential to set take profit and stop loss levels. Secure your profits, and for more real-time trading strategies and online technical learning, follow the mentor's public account (Mr. Coin Talks About Coins) for access: the first ten each day can receive free strategies for resolving positions.

For more real-time trades, you can follow the public account (Mr. Coin Talks About Coins) to access online market technical learning, position resolution, 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 and guiding 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.

Exclusive opinions, articles may have delays, risks are self-borne, manage your 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 from the cryptocurrency community, no plagiarism, respect originality!

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