Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so there is no need to be overly anxious. 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. Investment is also a process of growth. Mr. Coin suggests that everyone should learn while operating, summarize their 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 Bitcoin (BTC) Market Analysis Reference on September 16th

Bitcoin broke through the 60,000 mark but did not stabilize, and did not surpass the previous high. The morning market also saw a pullback. The short-term trend broke through and showed a strong downward trend, with a rebound near 58,700 after a low-level retreat. The current price is running at 59,100. Compared to the pullback of over a thousand points, the current rebound is not strong. Mr. Coin's actual position student has a short position near 60,300, so it is not recommended to blindly chase after more. Be cautious of the market's potential for further pullback.

Looking at the short-term 4-hour chart, the Bollinger Bands are in a tightening posture. The price has rebounded multiple times but failed to stabilize above the 60,000 mark. The subsequent fall below the middle track indicates a weak market, and the 5-day and 10-day moving averages are pressuring downwards. The MACD fast and slow lines are gradually approaching and showing a death cross trend, with the histogram turning from positive to negative. The short-term EMA7 has fallen below the mid-term EMA30 and is approaching the long-term EMA120. If it continues to decline, it will confirm a stronger downward trend. There are strong resistance levels above, and if they cannot be surpassed one by one, there is still a possibility of further price decline. In the future, pay close attention to the starting position around 57,000. If the market does not fall below this area, the upward trend will not change. Conversely, the downside space will open up, so it is recommended to focus on buying at low levels and lightly shorting at high levels.

Short-term Bitcoin Reference on September 16th: 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 each day can receive free anti-strategy.

Long position: Buy in the 58,100-58,600 range, defend at 57,200, stop loss at 300 points, target above 59,500.

Long position: Buy in the 57,100-57,400 range, target above 58,500, stop loss at 300 points.

Short position: Sell in the 60,200-60,500 range, target below 59,500, defend at 61,500, stop loss at 62,000.

(Aggressive traders can try shorting in the 59,500-59,300 rebound range with a light position)

Short-term Ethereum Reference on September 16th:

Short position: Sell in the 2,400-2,381 range, defend at 2,500, stop loss at 2,540, target below 2,340.

Long position: Pay attention to the situation after breaking through 2,300, buy in the 2,200-2,230 range, stop loss at 50 points, target above 2,320.

There is a delay in the article delivery, and the strategy suggestions are for reference only. The market changes rapidly, so no matter how confident you are in judging the market, be sure to set your profit and stop loss levels. It's important to secure your gains.

For more real-time singles, you can follow the official account under my name to get them. You can also learn about technical analysis of the market online and how to get 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 the analysis of BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other currencies. 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. There is a delay in the article delivery, and the risk is your own. 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, hold onto understanding. In investment, you must learn to be optimistic. Don't 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 quickly! Rest well, prepare yourself, and be ready at all times. Let's go!

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

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