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 especially heavy losses caused by overexposure, locking positions, holding onto losing positions, and not using stop-loss orders. The root cause is often a lack of clear thinking, fear of missing out on market trends, following the wrong trades, following the crowd, and having a poor mindset, resulting in small gains and large losses. Therefore, it is important to think carefully before taking action. Only by carefully considering the entry points can one enter the market. Aggressive entry points leave one in a dilemma between long and short positions, either catching the highest or lowest point, resulting in large 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.

BTC Market Review and Simple Analysis:

Bitcoin recently retraced to around 60,000 and saw a strong rebound. Currently, the market has warmed up in the past two days, with prices showing some upward movement. From a technical perspective, the current trend is a rebound and recovery process after the decline. Bitcoin's overall decline in June exceeded tens of thousands of points, so the short-term recovery strength is relatively strong. Mr. Coin reminds everyone not to assume that a rebound of several thousand points indicates a bullish reversal. In fact, from the perspective of the daily chart, the price encountered resistance and retraced to around 64,000, the midline of the Bollinger Bands. If the short-term rebound does not break through and stabilize around the 64,000 level, the downward trend will still exist. Therefore, do not mistake the short-term market recovery and consolidation for a reversal signal.

Looking at the short-term hourly chart, the market encountered resistance near 63,800 and retraced. The price has been continuously testing lower levels and is currently running around 63,260. The trend indicates a bearish dominance, and the focus is on the 64,000 midline resistance. Without a breakthrough and stabilization, the price is likely to retrace again. As there has been no upward breakthrough, our strategy remains to sell on the rebound. If there is a breakthrough and stabilization in the resistance area, the short-term strategy will then turn to a reversal. Pay attention to the support around 61,900. (The market changes rapidly, so position control is crucial.)

Mr. Coin's Operation Suggestions:

Enter a light short position near 63,500-63,800 on the price rebound, consider adding at around 64,100-64,300, set a stop-loss at 64,500, and take profit in the 61,900-62,300 area.

Enter a light long position near 61,900-62,200 on price retracement, consider adding at around 61,400, and take profit in the 61,000 area.

ETH Market Analysis:

Ethereum's recent rebound has been relatively weak, failing to break through the 5,300 resistance level several times. Starting from the afternoon, the bullish sentiment weakened, and the market entered a retracement rhythm again. Currently, the lower level is approaching the 5,450 support level. If it breaks through, there is a risk of further retracement. Looking at the short-term hourly chart, the market has shown a downward trend after breaking through. The current trend is relatively weak, so we need to be cautious about the continuation of the downward trend. Pay close attention to the 3,430 support level to prevent a significant decline. The current market trend is weak. The short-term support below is around 3,320, and the resistance above is around 3,530.

ETH Strategy:

Enter a short position near 3,495-3,525 on the price rebound, consider adding at around 3,610, set a stop-loss at 30 points, and take profit in the 80-150 point range.

Consider entering a short position near the 3,320 support level, consider adding at around 3,240, set a stop-loss at 30 points, and take profit in the 50-100 point range. For more real-time investment strategies, trading techniques, operational skills, and candlestick knowledge, you can follow the teacher.

The strategy is for reference only, and the positions have a time limit. There is a delay in posting, so please refer to real-time market conditions for specifics. Once again, emphasize the importance of risk control. No matter how confident you are in your judgment of future market trends, always set stop-loss and take-profit levels!

This article is exclusively written by the senior analyst Mr. Coin. The author has been studying financial market investments for many years, mainly analyzing and guiding operations in the cryptocurrency contract and spot markets, including BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, etc. The teacher has a solid theoretical foundation and practical experience, excels in technical and fundamental analysis, emphasizes capital management and risk control, and has a stable and decisive operational style. He is recognized by a large number of investment friends for his friendly and responsible personality and decisive operations. For more real-time investment strategies, trading techniques, operational skills, and candlestick knowledge, you can follow the teacher.

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

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