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 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 suggests that all cryptocurrency friends learn while trading, summarizing both gains and losses in a timely manner to deepen their understanding of risks and to plan a correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

2.9 Mr. Coin's Analysis Reference for Bitcoin (BTC)

The daily consolidation pattern of Bitcoin has not changed significantly, and the market continues to consolidate as it did yesterday. However, the upper resistance is slowly moving down, and the short-term downward trend has not changed. The current price is running around the 97000 position. Although it has already fallen below the 96000 support level during the day, the subsequent downward momentum is not strong, and there is a rebound, so it is not recommended to blindly chase short positions, as a market reversal could cause unnecessary losses. Therefore, our strategy remains to short on rebounds.

Looking at the short-term hourly chart, the price is consolidating around 97000, with several small pullbacks and rebounds. The current MACD is in the negative zone, with both the fast and slow lines showing a downward trend, indicating strong selling pressure. EMA7 (96819.2) is below the price, and EMA30 (96588.1) is also at a support level, providing short-term support. The upper resistance is in the 99200 area, and the lower support to watch is around 95000. When touching support or resistance, consider entering trades.

2.9 Short-term Reference for Bitcoin:

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for addition methods: The first ten each day can receive free exit strategies.
Short position: Short at 98000-98500, defend at 100000, stop loss: 500, target below 97800.

Long position: Focus on the 96000-95500 range, defend at 94000, target above 96800 (holding long position at 96000).

2.9 Short-term Reference for Ethereum:

Short position: Short at 2720-2760, defend at 2900, stop loss: 2950, target below 2650.

Long position: Focus on the 2500-2540 range, stop loss 50 points, target above 2600.

The article may have delays in sending, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in market judgments, always set stop-loss and take-profit levels to secure your gains.

Mr. Coin's public account: Mr. Coin in the cryptocurrency circle.

For more real-time trades, you can follow my public account for online technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency circle, and have studied in the U.S. multiple times, mainly 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.

This article is exclusively shared by Mr. Coin in the cryptocurrency circle and represents his unique views. The article may have delays in sending, and risks are to be borne by the reader. Manage your positions reasonably, and do not operate with heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to keep striving. 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, sharpen your skills, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin in the cryptocurrency circle, refusing plagiarism and respecting originality!

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