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.
8.6 Mr. Coin's Cryptocurrency Analysis Reference: Bitcoin (BTC)
Bitcoin continues to break through the downside, with an intraday decline of over ten thousand points. It has rebounded after reaching the low point of 48888, and the price is back above the 55000 level. The rebound occurred in the evening and is now approaching the short-term suppression area. The upward trend on the hourly chart has started to be blocked, and the price is under pressure at 55500. The Bollinger Bands are gradually narrowing, but the upper resistance has not been broken through, indicating a relatively weak trend. The Bollinger Bands are showing a downward opening posture, and as time goes on, the upper resistance is still moving down. The subsequent focus is on the 56000 level. If it cannot be broken through within the day, there is still a possibility of a pullback in the market. As a result of this rebound, the short-term trend has entered a consolidation phase, but the overall downward trend has not dissipated. Therefore, all coin friends are advised to be prepared in advance. Therefore, friends who are operating in the near future must control their positions well. Those who cannot grasp it can take a light position or wait and see.
Short-term Reference: For more real-time single strategies, online technical learning, and unwinding, you can follow the mentor's official account (Mr. Coin) to obtain the method of adding: the first ten people every day can get free unwinding strategies.
- Pay attention to the stabilization of the short position at 56000, take a light short position in the range of 55500-56000, defend: fill in at 56800, stop loss at 57150, target below 53500.
The article is sent with a delay, and the strategy suggestions are for reference only. The market changes in an instant. No matter how high the judgment of the market is, the take-profit and stop-loss must be well set to secure the gains.
For more real-time singles, you can follow the official account to obtain them. You can also learn online about technical analysis of the market and unwinding. I have studied the market for many years and analyzed the major trends in the cryptocurrency market. I have studied and guided BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other currencies. For all coin friends who do not know how to operate, you are welcome to study and learn together.
This article is exclusively written and shared by Mr. Coin, representing Mr. Coin's exclusive viewpoint. The article is sent with a delay, and the risk is at your own. Control your positions reasonably when trading, and do not overweight or fully operate. Mr. Coin hopes that all fans and friends can achieve financial freedom and move forward together. In the depths of time, hold a sense of understanding lightly. 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 cheer up!
- This article is written by Mr. Coin, refusing to plagiarize and respecting originality!
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