The cryptocurrency trading is a long-term plan, not a matter of overnight success, so there should be no haste. Even if there is a short-term loss, there is nothing to fear as long as the subsequent direction is chosen correctly. The lost will eventually return. However, it is important to pay attention to the timing of trading and the current market trends in order to increase the winning rate. At the same time, investment is a process of growth. Mr. Coin suggests that all coin friends should learn and operate at the same time, and timely summarize the gains and losses, deepen the understanding of risks, and plan the correct mindset, in order to reasonably avoid risks and become a qualified investor.

Mr. Coin's BTC (Bitcoin) Market Analysis on September 7th:

Yesterday, Bitcoin was repeatedly blocked in its upward movement and failed to stabilize at the key level of 57,000, and the bullish momentum began to shrink significantly, leading to a sharp decline in price. It has now fallen below the dual support of 55,000-53,000, and is slowly approaching the 52,500 level. If it falls below this level again, the support will move down to the 51,000 level. The market is entering a correction phase, so all coin friends should be prepared in advance.

Looking at the short-term hourly chart, the trend is characterized by rapid decline and slow rise, and the market is within a downward trajectory. The MACD continues to operate below the zero axis, and both the fast and slow lines are diverging downwards. The RSI for the 4-hour period is currently around 26, approaching the oversold zone, showing signs of short-term recovery, but the overall trend is still weak. The EMA for the 4-hour period shows a bearish arrangement, and the price has been repeatedly blocked by the EMA7. Although it has rebounded near the 52,550 level, the subsequent bullish supply is insufficient, and the price is showing signs of weakening again. Therefore, it is necessary to further confirm the strength of the subsequent rebound and recovery before making any operations. It is recommended to focus on short positions in the short term, with long positions as a supplement.

Short-term BTC reference on September 7th: For more real-time single strategies, online technical learning, and getting out of the market, you can follow the mentor's official account (Mr. Coin) to obtain the method of adding: The first ten people each day can receive free strategies for getting out of the market.

Long position: Long in the 51,000-50,500 range, target above 52,500.

Short position: Short in the 54,300-54,800 range, defend against 56,500, stop loss at 59,800, target below 53,500.

Second short position: Short in the 55,600-56,000 range, target below 53,500, stop loss as above.

Short-term ETH (Ethereum) reference on September 7th:

Short position: Short in the 2,320-2,351 range, defend against 2,450, stop loss at 2,480, target below 2,240.

Long position: Pay attention to the breakthrough of 2,080, in the range of 2,000-2,040, stop loss at 50 points, target above 2,140.

There is a delay in the delivery of the article, and the strategy suggestions are for reference only. The market changes rapidly. No matter how high the judgment of the market is, it is essential to set stop-loss and take-profit levels. More real-time singles can be obtained by following the official account of the author. You can also learn about technical analysis of the market and how to get out of the market. The author has studied the market for many years, analyzed the major trends in the cryptocurrency market, and has repeatedly studied and guided BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other currencies. For those who are not familiar with trading, you are welcome to study and learn together.

This article is exclusively written and shared by Mr. Coin, representing Mr. Coin's exclusive viewpoint. There is a delay in the delivery of the article, and the risk is at your own. It is important to control the position reasonably when trading, and avoid heavy or full positions. Mr. Coin hopes that all fans and friends can achieve financial freedom together and move forward together. In the depths of time, hold a sense of understanding. In investment, one must learn to be optimistic. Do not let the future you dislike the present self. We live in reality, but not every piece of data needs to be taken seriously. Let the past go, and let the future come faster! Rest well, prepare yourself at any time, and keep going!

• This article is written by Mr. Coin, and plagiarism is rejected. Respect the original creation!

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