Mr. Coin in the Crypto Circle 12.15: Bitcoin (BTC) and Ethereum (ETH) latest market analysis and reference, including operational reference ideas.

CN
23 hours ago

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.

12.15 Bitcoin Market Analysis Reference

The intraday market continues to show weak fluctuations and downward movements. Overall, the trend remains weak, so we need to be cautious of price breaking down further, which could lead to a continuation of the daily downtrend. After three consecutive bearish candles on the daily level broke the previous low of 90229 points, forming a descending N-shaped structure, significant movements appeared on the 4-hour level, with a single K-line dropping sharply by 896 points accompanied by increased trading volume, releasing a clear short-term selling pressure signal. From a technical indicator perspective,

The MACD's DIF and DEA lines on the 4-hour level have crossed below the zero axis, and the histogram continues to expand to -405, indicating that bearish momentum is accelerating. Meanwhile, the price has fully broken below the EMA7 (89253), EMA30, and EMA120 moving averages, with the current latest low at 88588, which is significantly below the short-term EMA7, presenting a standard multi-period bearish arrangement. The short-term trend remains weak, and the upward momentum is gradually diminishing. A continuation of the expected pullback is likely, so it is not recommended to go long for now; it is better to wait for a rebound to enter. The upper resistance to watch is the 90,000 area, while the lower support to focus on is the new low (87500) breaking down to 85000.

12.15 Bitcoin Short-term Trading Strategy Reference:

Short position entry point 90300-99300, stop loss at 92500, target below 88500,

Long position entry point 85300-86300, stop loss at 500, target above 87500,

12.15 Ethereum Short-term Strategy Reference:

Short position entry point 3095-3145, stop loss at 30 points, target below 3050,

Long position entry point 2981-3031, stop loss at 30 points, target above 3080,

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 to secure profits.

For more real-time trades daily, you can follow the public account (Mr. Coin Talks About Coins) to get updates. You can also 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 extensively in the U.S. to provide analysis and guidance on 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 views, there may be delays in sending articles, risks are self-borne, and it is important to manage 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, prepare well, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin from the cryptocurrency community, no plagiarism, respect originality!

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