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 grasp 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 in the Coin Circle: BTC Market Analysis Reference for September 5th For more real-time single strategies, online technical learning, and unwinding, you can follow the mentor's official account (Mr. Coin in the Coin Circle) to obtain the method of adding: the top ten daily can receive free unwinding strategies.
Yesterday, after the rebound of Bitcoin near 57300 was under pressure, the bullish sentiment began to weaken continuously. After a slight rebound near 56000 in the early morning, the current market is once again testing the support around 56000. The short-term oscillating pattern has been broken, and the trend is beginning to lean towards a downward trend. Therefore, the subsequent operation suggestion is to focus on shorting the rebound and supplementing with long positions on the pullback. However, the overall trend has not changed.
BTC Short-term Reference for September 6th: For more real-time single strategies, online technical learning, and unwinding, you can follow the mentor's official account (Mr. Coin in the Coin Circle) to obtain the method of adding: the top ten daily can receive free unwinding strategies.
Long position: Long in the 56000-55500 range, target above 57500.
Short position: Short in the 57300-57800 range, defend against 59500, stop loss at 59800, target below 56500.
Second short position: Short in the 58600-90000 range, target below 57000, stop loss as above.
ETH Short-term Reference for September 6th:
Short position: Short at 2420-2451, defend against 2550, stop loss: 2580, target below 2340.
Long position: Focus on breaking through 2280 in the range of 2240-2280, stop loss of 50 points, target above 2340.
There is a delay in the article delivery, and the strategy suggestions are for reference only. The market changes rapidly, so no matter how high the judgment of the market is, it is important to set stop-loss and take-profit levels. More real-time single strategies can be obtained by following the official account under the author's name, where you can also learn about online market technical analysis and unwinding. The author has studied the market for many years, analyzed the major trends in the cryptocurrency market, and has provided guidance on BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. 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 in the Coin Circle, representing Mr. Coin's exclusive viewpoint. There is a delay in the article delivery, and the risk is self-borne. It is important to control the position reasonably when trading, and avoid heavy or full positions. Mr. Coin hopes that all fans and friends can achieve financial freedom together and move forward together. In the depths of time, hold onto understanding. In investment, one must learn to be optimistic. Do not let the future you dislike the present self. We are living 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 in the Coin Circle, refusing to plagiarize, and respecting originality!
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