The cryptocurrency trading is a long-term plan, not an 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 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 all coin friends should learn and operate at the same time, timely summarize the gains and losses, deepen their understanding of risks, and plan their mindset correctly, in order to reasonably avoid risks and become a qualified investor.

Mr. Coin's Analysis of Bitcoin (BTC) Market on September 11th

Bitcoin's intraday market has repeatedly tested the upward breakthrough of the 58100 resistance line, but the upward momentum has begun to weaken. The price experienced pressure and retracement from early morning to now, and is currently running near the 57000 level. The overall market trend is in a wide-ranging oscillation rhythm, with both long and short sides in a stalemate. The focus is on the breakthrough situation. If the upper resistance is not broken, the short-term range oscillation trend will not change.

Looking at the short-term hourly chart, the Bollinger Bands are in an open state, and the price is under pressure and continuously declining. MACD: The current DIF and DEA are both positive, but the MACD histogram shows a gradual shortening, indicating a weakening of the bullish momentum and a possible retracement. EMA: EMA7 (57026) is close to the current price of 56908, EMA30 (56157) and EMA120 (57838) respectively provide short-term and long-term support and resistance. The current price is below EMA7, indicating a bearish short-term trend. Although the market touched near 56600 and saw a small rebound, the subsequent bullish supply is clearly insufficient. If the price cannot break through the 57500 level to partially recover the previous decline, there is still a risk of further downside support in the future. Coin friends are advised to prepare in advance.

The overall trend of Bitcoin's intraday market remains in a stalemate. As the market did not break through as expected, the upward momentum did not continue. The bullish momentum is weakening, and the short-term has given a signal for a retracement, but the support at the 56000 level has not been broken, and the intraday gains have not been given up. Therefore, our operation still maintains a high short and low long strategy.

Short-term Reference for Bitcoin on September 11th: For more real-time single strategies, online technical learning, and unwinding, please follow the mentor's official account (Mr. Coin) to obtain the method: The first ten people every day can receive unwinding strategies for free.

Long position: Long in the 55000-54500 range, target above 56500.

Long position 2: Long in the 56500-56000 range, defend at 55000, stop loss at 300 points, target above 57000.

Short position 2: Short in the 58000-58500 range, target below 57000, defend at 59900, stop loss at 60300.

Short-term Reference for Ethereum on September 11th:

Short position: Short at 2400-2381, defend at 2480, stop loss at 2400, target below 2320.

Long position: Focus on the 2280-2260 range, stop loss at 50 points, target above 2340.

The article is sent with a delay, and the strategy suggestions are for reference only. The market changes rapidly, so no matter how high the judgment of the market trend is, it is important to set stop-loss and take-profit levels. For more real-time singles, follow the official account to learn about the market's technical analysis 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 those 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 self-borne. It is important to control the position reasonably and avoid heavy or full positions. 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. 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, and be ready at any time. Let's go!

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

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