Mr. Coin in the crypto circle: 1.4 Bitcoin, Ethereum latest market analysis reference, along with operational ideas.

CN
3 days ago

Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. 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 advises all cryptocurrency friends to learn while trading, and to summarize their gains and losses in a timely manner, deepening their understanding of risks and planning 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 January 4: Bitcoin (BTC)

After a slight adjustment yesterday, Bitcoin's price has been continuously breaking upwards, maintaining an upward trend. Currently, it is facing resistance near the 99,000 position, with a slight pullback entering a consolidation phase. However, the overall bullish sentiment remains strong, and the current price is around 98,400. It is expected that the price will further test upwards during the day, and Mr. Coin advises all cryptocurrency friends to prepare in advance.

From the daily chart, we can see that there have been four consecutive days of positive closes, with bullish sentiment continuing to warm up. The price is constantly rising and has already broken through the previous middle line of the Bollinger Bands. If it can break and stabilize above the middle axis today, the market is expected to move upwards. The overall market trend is leaning towards the upside, so the trading suggestion for today is to focus on long positions.

On the short-term hourly chart, the market is operating in the upper Bollinger Band area, with the price slowly rising near the upper band. Currently, there is pressure around 99,000, and the price has slightly pulled back, causing a temporary pause in the upward trend. A short-term pullback signal has been given, and it is expected that there will be a retracement to the support below. Therefore, it is not advisable to blindly chase the price upwards; the overall trend remains a fluctuating upward movement, and it is more prudent to wait for a pullback to enter long positions. The key support below is at the 96,000 line.

Short-term Reference for Bitcoin on January 4:

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for access. The first ten people each day can receive free exit strategies.

Long positions: Buy in the 96,500-96,000 range, with a stop-loss at 94,500 and a target above 97,000.

Short positions: Lightly short in the 99,700-90,300 range, targeting 500-1,000 points, with a stop-loss at 100,700.

Short-term Reference for Ethereum on January 4:

Long positions: Buy in the 3,480-3,450 range, with a stop-loss at 3,350 and a target above 3,520.

Short positions: Short in the 3,730-3,680 range, with a stop-loss of 30 points and a target of 50-100 points.

There may be delays in sending this 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 your take-profit and stop-loss levels to secure your gains.

For more real-time trading strategies, you can follow my public account for access. You can learn online about market techniques, 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 cryptocurrencies. 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. There may be delays in sending the article, and the risks are to be borne by the reader. When trading, it is important to control your position reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to keep pushing. 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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