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 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.

Mr. Coin's BTC Market Analysis Reference on September 12th

After Bitcoin's intraday rise near 58500 was under pressure, the market retraced into a high-level consolidation. The subsequent attempts to break through the resistance position were unsuccessful, and the upward momentum weakened. The price has been running near 58000 in the near term. The short-term support has shifted slightly, but the consolidation pattern has not changed.

On the short-term hourly chart, the Bollinger Bands are in an open state, and the long and short sides are relatively evenly matched. The price has fluctuated in the range of 57000 to 58000 recently, forming a relatively clear oscillating consolidation area. There have been relatively long lower shadows recently, indicating strong support below. The MACD fast and slow lines are both above the zero axis, and the fast line is above the slow line. The histogram is red, indicating a warming up of the current bull market, but with signs of weakening. The EMA7 moving average is greater than the EMA30, which is greater than the EMA120, showing a bullish arrangement of short, medium, and long-term moving averages, indicating a positive trend. However, pay attention to the support near EMA7. Overall, the trading volume is supporting the price increase, showing a certain degree of sustainability, but be cautious of the risk of stagnant volume. Pay attention to the short-term market's repeated fluctuations and try to control the risk when trading. It is not recommended to follow up without breaking the key position.

Short-term BTC Reference on September 12th: 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 get the contact information: The first ten people every day can get free strategies for getting out of the market.

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

Short position 2: Short in the 58400-58900 range, target below 57500, defend at 59900, stop loss at 60300.

Short-term Ethereum Reference on September 12th:

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. No matter how high the judgment of the market is, it is important to set stop-loss and take-profit levels. More real-time singles can be obtained by following the official account to learn about the market's technical analysis and getting out of the market. 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-assumed. 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 and move forward together. In the depths of time, grasp an understanding, and 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 all times. Let's go!

• This article is written by Mr. Coin, refusing to plagiarize, and respecting originality!

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