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 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 a 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 7: Bitcoin (BTC)

Yesterday, Bitcoin's market reversed upwards, with an intraday increase of over 3000 points, breaking through the 100,000 resistance level, and bullish sentiment began to warm up. The intraday trend broke upwards again, with the price testing the 102,000 level as expected. Currently, the price is operating above 102,000, and if it can stabilize, the intraday increase is expected to continue.

From the daily chart, yesterday's trend ended with a large bullish candle, and the intraday trend continued to break upwards. The current price is above all daily moving averages, with a slight pullback after a short-term breakout. However, it has not further broken through the 103,000 level, and the upper space has not opened up further. A slight pullback in the short term indicates that there is still strong selling pressure in this area. If there is another rebound that touches this level, there is still a risk of a pullback. Therefore, it is not recommended to blindly chase long positions before a breakout, as one should be cautious of the market being pressured and pulling back to support levels. Although the market continued to rebound yesterday, it has not broken through again, and the market remains in a stalemate between bulls and bears. It is expected that the oscillating market will continue for some time.

On the short-term hourly chart, the Bollinger Bands are opening up, and the market is operating above the upper Bollinger Band. All moving averages are in an upward posture, but the price is facing upward pressure and has started to encounter resistance and pullback. The current price is near the 102,000 level. The short-term trend has entered a pullback rhythm, and the focus should be on the support at the 100,000 level. As long as the pullback does not break below this level, the market will enter a high-level consolidation phase. The strategy should maintain a high short and low long approach.

Short-term Reference for Bitcoin on January 7:

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 position: Buy in the 100,500-101,000 range, with a stop loss at 99,500 and a target above 101,500.

Short position: Lightly short in the 103,000-103,500 range, with a target of 500-1000 points, and a stop loss at 104,700.

Short-term Reference for Ethereum on January 7:

Long position: Buy in the 3,580-3,530 range, with a stop loss at 3,450 and a target above 3,620.

Short position: Short in the 3,730-3,780 range, with a stop loss of 30 points and a target of 50-100 points.

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

For more real-time trades, 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. to primarily analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are not familiar with trading, you are welcome 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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