AICoin trading is a long-term plan, not a matter of overnight success, so there should be no rush. 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 everyone should learn while operating, summarize the gains and losses in a timely manner, deepen their understanding of risks, and plan with the correct mindset in order to reasonably avoid risks and become a qualified investor.
Mr. Coin's 9.2 Bitcoin (BTC) Market Analysis Reference
Yesterday, Bitcoin continued its weak oscillation, with the subsequent weakening of the bullish momentum and a continuous decline in price. The 24-hour capital outflow continued, and the price has fallen below the support levels of 58,000 and 57,500. The current trend of retracement is still ongoing.
Looking at the short-term hourly chart, the current trend is mostly bearish. With the continuous retracement of prices, the recent few candlesticks have seen increased trading volume, especially when the price is falling, indicating significant selling pressure. From the perspective of MACD, the fast and slow lines are running below the zero axis and continue to decline. Looking at the RSI value, it is currently close to oversold at 39.2 and has not fully entered, indicating a short-term rebound, but with limited strength. Short-term bearishness prevails, and various moving averages form upper pressure. The current trend is fluctuating around the 58,250 level, with a rebound from the vicinity of 57,200, but the short-term trend is weak. If the price cannot break through and stabilize above the short-term pressure of 59,500, the trend of continuous decline will continue. The trend is expected to continue downward. Friends who are not prepared are advised to operate with a light position.
9.2 Bitcoin Short-term Reference: 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: the first ten people each day can receive free strategies for getting out of the market.
Long position 2: Long in the range of 55,000-56,000, target above 57,500.
Short position: Short in the range of 59,000-59,500, defend against 60,700, stop loss at 61,100, target below 58,500.
Short position 2: Lightly short near 58,500, target below 58,000, defend against stop loss as above.
The article is sent with a delay, and the strategy suggestions are for reference only. The market changes in an instant. No matter how accurate 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 under my name, where you can also learn about online market technicals and getting out of the market. I have studied the market for many years, analyzed the major trends in the coin circle, and guided the analysis of 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 written and shared by Mr. Coin. It represents Mr. Coin's exclusive viewpoint. The article is sent with a delay, and the risk is self-assumed. It is important to control the position reasonably when trading, and avoid overloading or full-position operations. Mr. Coin hopes that all fans and friends can achieve financial freedom and progress together. In the depths of time, grasp an 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! Take good care of yourself, prepare yourself at any time, and keep moving forward!
—This article is written by Mr. Coin in the coin circle, refusing to plagiarize, and respecting originality!
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