Cryptocurrency trading is a long-term plan; it is not about achieving results overnight, so one should not be overly anxious. Even if there are short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what has been lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to improve the win rate. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends should learn while trading, summarizing both profits and losses in a timely manner to deepen their understanding of risks and develop the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

12.8 Mr. Coin's Analysis of Ethereum (ETH) Market Trends

Ethereum broke through the previous resistance yesterday, with the price expectedly rising to the 4000 level, reaching around 4092 before facing resistance. The current price has retraced to around 4000. The trend has not broken down again.

In the 4-hour cycle, bullish momentum is weakening but remains above the zero line; the daily MACD continues to strengthen, indicating a clear bullish trend. There may be short-term retracement pressure, but overall it remains in a strong area. EMA: The current price is above EMA7, and the short-term trend is still upward; EMA30 and EMA120 show a bullish arrangement, supporting a bullish outlook in the medium to long term. In the short 4-hour cycle, the trend shows consecutive bullish candles, with strong bullish sentiment. The mid-line support is at the 3930 level; as long as the price does not break below during the day, the short-term upward trend remains unchanged. Everyone should set stop-losses and trade long in line with the trend. Current support to watch is in the 3900-3930 area.

12.8 Short-term Reference for Ethereum:

For more real-time trading strategies, online technical learning, and exit strategies, please follow the mentor's public account (Mr. Coin). The first ten daily followers can receive free exit strategies.
Short position: Short at 4150-4180, defend at 4250, stop-loss: 4280, target below 3980.

Long position: Focus on the 3950-3900 range, stop-loss 50 points, target above 3980.

The sending of this article may be delayed, and the strategy suggestions are for reference only. The market changes rapidly; regardless of how confident you are in your market judgment, always set take-profit and stop-loss levels to secure your gains.

12.8 Short-term Reference for Bitcoin:

Short position: Short at 102500-103000, defend at 104000, stop-loss 104500, target around 101000.

Long position: Long at 99000-98500, defend at 97500, target around 100300, stop-loss 500.

For more real-time trades, please follow my public account for online technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied extensively in the U.S. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

This article is exclusively shared by Mr. Coin and represents his unique perspective. The sending of the article may be delayed, and risks are borne by the reader. Manage your positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to keep striving. In the depths of time, hold onto understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your present self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be the past, and let the future come quickly! Take good care of yourself, prepare well, and be ready to set off at any time. Keep it up!

—— This article is written by Mr. Coin, and we refuse to plagiarize and respect originality!

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