Trading in the cryptocurrency circle is a long-term plan that requires patience; it should not be rushed. Even if there are short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what is 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 operate while learning, and to timely summarize both gains and losses to deepen their understanding of risks and proper mindset planning. This way, they can reasonably avoid risks and become qualified investors.

Mr. Coin in the cryptocurrency circle: 3.6 Bitcoin (BTC) Market Analysis Reference

Yesterday, the price of Bitcoin surged before retreating, encountering pressure near the 74000 level, and the upward movement failed, causing the bullish momentum to further weaken. Currently, the price is running near the 71000 level. There is a possibility of a pullback to the 70000 line within the day. The short-term analysis indicates a pullback signal, with a downward trend.

On the 4-hour chart, a long upper shadow has recently formed, clearly indicating significant selling pressure near the $74000 mark. The DIF line for this period has crossed below the DEA to form a death cross, and the price has consecutively broken below the support levels of EMA7 (71731) and EMA30 (69588). From a daily perspective, the market has posted two consecutive bearish candles and has broken the critical support level of 71000, which was the low of the previous day. Although the red bars of the daily MACD indicator are shortening, they are still running below the zero line. Overall, the current price is testing the effectiveness of the key supports at the 120-day moving average (68905) and the 70000 threshold. Mr. Coin anticipates that there may be a pullback to probe the support at the psychological level of 70000, so the strategy suggests focusing on rebounding trades. Pressure above is observed near the 73500 level, while support below is at 70000 and the 69000 levels.

3.6 Bitcoin Short-term Reference:

73800-74800 range, stop loss at 76500, with a stop loss of 500 points and a target below 72500.

70000-69000 range, target above 71000, stop loss of 500.

3.6 Mr. Coin in the cryptocurrency circle: Ethereum (ETH) Market Analysis Reference

Ethereum continued to rebound early in the morning, breaking above in price action. Unfortunately, it did not break through the resistance area around 2200. During the day, it reached near 2200 again and encountered selling pressure. As of the current highest price, it is running around 2065. This pressure applied in the day has caused the price to return to the previous range of fluctuations. As long as the pullback does not break the support level of 2000 to 1950, the market is expected to continue to consolidate in the range short-term. Therefore, everyone should not blindly judge the market negatively, as we must guard against the price facing pressure to rebound again. The current short-term trend has entered a consolidation phase, so our strategy is to short high and go long low. Pressure above is observed near the 2130 level, while the support below is at the 2000 to 1950 range.，

3.6 Ethereum Short-term Reference:
2130-2180 range, stop loss at 2380, target below 2090.

2010-1960 range, stop loss of 50 points, target above 2030.

The article delivery may be delayed; the strategy suggestions are for reference only. The market changes rapidly, regardless of how accurate your market judgment may be, always ensure that you manage profit taking and stop losses effectively, securing your gains.

For more real-time trading strategies and online technical learning for settling positions, please follow the official account (Mr. Coin Talks About Cryptocurrency) for ways to add me: the first ten people daily can receive free settlement strategies.

For more daily real-time trades, please follow the public account (Mr. Coin Talks About Cryptocurrency) where you can access online technical learning and settlement; I have researched the market for many years focusing on the major trends in the cryptocurrency circle. I have studied abroad multiple times, majorly analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are not familiar with operations, feel free to come study together.

This article is exclusively written and shared by Mr. Coin in the cryptocurrency circle, representing only his views. There may be delays in article delivery; risks are to be borne by the reader. Manage your positions rationally, do not operate with heavy or full positions.Mr. Coin wishes all fans to achieve financial freedom, to progress together and strive. In the depths of time, hold a piece of understanding; in investing, one must learn to be optimistic. Do not let your future self hate your current self. We live authentically, but we do not have to take every bit of data too seriously. Let the past be the past, and let the future arrive quickly! Take good care of yourself, sharpen your skills, and be ready to set off. Let’s go!

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

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