Mr. Coin's Message: The essence of trading lies in the ability to find opportunities, plan before taking action, and strategize. This has always been the key to Mr. Coin's success in the market. Many people fail due to chaotic operations, lack of planning, and most importantly, heavy losses resulting from overexposure, locking positions, holding onto losing trades, and not using stop-loss orders. The root cause is often a lack of clear thinking, fear of missing out on market movements, following the wrong trades, following the crowd, and having a poor mindset, resulting in small gains and large losses. Therefore, it is essential to carefully consider entry points. Aggressive entry points can leave one in a dilemma between long and short positions, either catching the highest or lowest point, resulting in significant price differences. Reluctance to use stop-loss orders can only lead to holding onto losing positions. On the other hand, stable entry points allow for profitable exits and timely exits from the market.

Yesterday's article also mentioned that Bitcoin may maintain a wide-ranging oscillation in the near future, whether it's a rise of a few thousand points or a drop of a few thousand points. This oscillating market trend is expected to continue for some time, and we should focus on short-term strategies of going long at high levels and short at low levels. It is advisable to pay attention to the recent high point near 62400 as a resistance level. Short positions can be initiated in the 62000-62300 range (aggressive traders can lightly position short in the 61600-61800 range), and additional positions can be added near 63000-63200 if the level is broken. For long positions, the entry point can be adjusted to the 60400-60600 level as there are signs of a short-term pullback and weakening bullish momentum. Stop-loss should be set at 300 points, and the profit target should be above 61300. For cautious traders, it is recommended to focus on resistance and support levels to determine the range for long and short positions.

Moving on to Ethereum:

Ethereum experienced a minor rebound within the day, with limited strength. The current price is around 3440, and there has been no upward breakthrough in the short term. Both long and short positions are starting to deadlock within the day, but the price broke through the hourly midline resistance. Looking at the four-hour chart, the price is running near the upper Bollinger band, and there is some pressure near the midline on the 12-hour chart. If the price stabilizes near the 3450 level, it is expected to test the daily midline at 3510 in the future. Otherwise, the price will maintain a range-bound trend. Therefore, our short-term strategy is to go long at high levels and short at low levels in the 3350-3500 range. For short positions within the day, attention can be given to initiating light short positions in the 3480-3510 range, and if there is a breakthrough, additional positions can be added in the 3580-3610 range. The stop-loss should be set at 3650, and the profit target can be set at 3420-3390 if there is a breakthrough, with a further profit target at 3350 if there is a breakthrough.

The strategy is for reference only, and the specific positions are time-sensitive. There may be delays in posting, so please refer to real-time market conditions. Once again, it is emphasized to manage risks well. Regardless of how confident you are in your judgment of future market trends, always set your profit and stop-loss orders!

This article is exclusively written by the senior analyst Mr. Coin. The author has been researching and investing in the financial market for many years, mainly analyzing and guiding operations in the cryptocurrency contract and spot markets, focusing on BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrencies. The mentor has a solid theoretical foundation and practical experience, excels in technical and fundamental analysis, emphasizes capital management and risk control, and adopts a steady and decisive operational style. The mentor's amiable and responsible character, combined with sharp and decisive operations, has been recognized by a large number of investment friends. If you need to learn more about real-time investment strategies, trading techniques, operational skills, and candlestick knowledge, you can follow the mentor.

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

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