Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be overly anxious. Even if there are losses in the short term, 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 increase the win rate. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends learn while trading, summarizing both profits and losses in a timely manner to deepen their understanding of risks and to plan the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

Mr. Coin's Cryptocurrency Market Analysis Reference for Bitcoin (BTC) on 12.31

Yesterday, Bitcoin's bullish momentum was weak, and the market continued to decline throughout the day. Previous articles have mentioned multiple times that there is still a possibility of lower prices. The long positions taken during the day were successfully exited for profit, and the trend broke down as expected. The price is now testing support again after a downward adjustment, rebounding after breaking below the 92000 level, and the sentiment is gradually improving. Currently, the price has returned to above the 94000 area, maintaining a wide-ranging oscillation, with support showing a downward trend.

On the daily chart, the current trend is running near the five-day moving average, with the market pulling back and showing a rebound rhythm. However, the market is still operating in the middle to lower range, with strong resistance at the upper EMA 15-day and EMA 30-day lines. If it cannot break through and stabilize during the day, the oscillating market is expected to continue further.

On the short-term hourly chart, bullish sentiment is gradually warming up, and the Bollinger Bands are narrowing. A rebound has broken through the middle axis of the Bollinger Bands, but there are signs that the short-term upward momentum may be interrupted. It remains to be seen if it can stabilize at the middle axis of the Bollinger Bands, so it is not recommended to blindly chase after rising prices, as there is a risk of a deep correction. Currently, Bitcoin's market has not broken down, so it is advisable to maintain high positions with low long positions and avoid entering the market blindly.

Short-term Reference for Bitcoin on 12.31:

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the official account of Mr. Coin (币圈币先生) to get the addition method: the first ten people each day can receive free exit strategies.

Long positions: Buy in the 92000-91500 range, with a stop-loss at 90500, and a stop-loss at 90200, targeting above 94000.

Short positions: Lightly short in the 95700-95000 range, targeting 500-1000 points, with a stop-loss at 97000.

Short-term Reference for Ethereum on 12.31:

Long positions: Buy in the 3180-3230 range, with a stop-loss at 2950, targeting above 3200.

Short positions: Short in the 3450-3410 range, with a stop-loss of 30 points, targeting 50-100 points.

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

For more real-time trades, you can follow my official account to access 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. to primarily analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. I welcome all cryptocurrency friends who are not familiar with trading to study and learn together.

This article is exclusively shared by Mr. Coin and represents his unique perspective. There may be delays in sending the article, and risks are to be 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. Let's go!

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

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