Cryptocurrency trading is a long-term plan; it is not about achieving results 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 suggests that all cryptocurrency friends should learn while trading, summarizing both profits and losses in a timely manner to deepen their understanding of risks and develop the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

4.16 Mr. Coin in the Cryptocurrency Circle: Bitcoin (BTC) Market Analysis Reference

Yesterday, Bitcoin's market maintained a range-bound consolidation. In the evening, although the price rose due to the opening of the U.S. stock market, it did not break the key resistance level, reaching around 86450 and facing pressure, leading to a downward reversal and a correction. The range-bound market continues.
Currently, the trend is operating around the 83600 area.

From the daily chart, both bulls and bears are still relatively stuck, and the market has not broken upward. Currently, price fluctuations are being compressed, with the situation oscillating within a triangular range throughout the day. The price is operating near the five-day moving average, and the overall trend is relatively flat. It is expected that the market will continue to maintain range consolidation during the day.

On the short-term hourly chart, the price has shown four consecutive bearish candles, and bearish sentiment is gradually warming up. As of now, the market has also shown a nearly 1500-point decline, approaching yesterday's low of around 83600. If the rebound cannot continue, the coin price may retract again to the lower support. The short-term trend remains within the range without breaking, and all operations should still focus on shorting high and longing low.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin in the Cryptocurrency Circle) for addition methods: the first ten each day can receive free exit strategies.

4.16 Bitcoin Short-term Reference:
Light short position 85000-85800, stop loss at 87500, target below 84000,

Long position 81500-72500, stop loss 500, target above 83500,

4.16 Ethereum Short-term Reference:

Short position: 1650-1700, stop loss at 1850, target below 1500,

Long position: 1480-1530, stop loss 30 points, target above 1600,

There may be delays in sending messages; 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: For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin in the Cryptocurrency Circle) for addition methods: the first ten each day can receive free exit strategies.

For more real-time trading, 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 extensively in the U.S. to mainly analyze and guide 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 viewpoint. There may be delays in sending the article; risks are to be borne by the reader. Manage your positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, move forward together, and 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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