The cryptocurrency trading is a long-term plan, not a matter of overnight success, so there is no need to be too hasty. 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 success rate. At the same time, investment is also 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 BTC (Bitcoin) Market Analysis Reference on September 10th

Although Bitcoin experienced two pullbacks yesterday, the subsequent rebound was quite strong, maintaining an overall trend of wide fluctuations, touching near the 54600 support level. By early this morning, the bullish sentiment has gradually warmed up, with the support moving upwards and the price reaching the 58100 resistance area before pulling back. The current price is around 57000.

Looking at the short-term hourly chart, the market pulled back and rebounded by more than 3000 points, and the current trend is above 57000. The 4-hour MACD slow and fast lines are upward, and the Bollinger Bands upper band is slightly open. The trend is three consecutive bullish candles, indicating a warming in the short term. It is expected that the price will continue to recover, but there is strong resistance near 58000, so caution is advised against a strong pullback when the market reaches this level. It is not recommended to blindly chase after the current stable price. The overall trend is currently a fluctuating upward trend, so it is recommended to focus on long positions during pullbacks, with short positions on rebounds as a secondary strategy.

Looking at the line chart, the MACD on the daily chart is still hovering at a low level, and the breakthrough situation in the later period needs to be observed. The EMA daily chart moving average still needs further recovery, indicating a divergence between long and short positions. The situation has gradually improved today, with the support moving up to the 55000 level. As long as there is no breakthrough below this area during subsequent pullbacks, there is hope for a fluctuating recovery in the intraday market. The focus should be on the 58300-58800 resistance area. If the level is not broken, the market will continue to be under pressure and maintain a high-level consolidation.

Short-term Reference for Bitcoin on September 10th: For more real-time trading strategies, online technical learning, and exiting from positions, please follow the public account of the mentor (Mr. Coin) to obtain the contact information: The first ten people each day can receive free strategies for exiting from positions.

Long position: Long in the 55000-55500 range, with a target above 53000.

Long position 2: Long in the 52500-53000 range, with a defense at 51500, stop loss at 51000, and a target above 53500.

Short position 2: Short in the 58300-58800 range, with a target below 57000, defense at 59900, and stop loss at 60300.

Short-term Reference for Ethereum on September 10th:

Short position: Short at 2400-2381, with a defense at 2480, stop loss at 2400, and a target below 2320.

Long position: Focus on the 2280-2260 range, with a 50-point stop loss and a target above 2340.

There may be a delay in the delivery of the article, and the strategy suggestions are for reference only. The market changes rapidly, so no matter how accurate the judgment of the market is, it is important to set stop-loss and take-profit levels. For more real-time trading, follow the public account to learn about market technical analysis and exiting from positions. I have studied the market for many years and analyzed the major trends in the cryptocurrency market. I have studied and guided the trading of 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, representing his exclusive viewpoint. There may be a delay in the delivery of the article, and the risk is at your own discretion. Control your positions reasonably, and do not overexpose or go all in. 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 you. 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, and get ready at any time. Let's go!

—This article is written by Mr. Coin, and plagiarism is rejected. Respect originality!

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