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 suggests that all cryptocurrency friends learn while trading, summarizing both profits 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 9: Bitcoin (BTC)

Bitcoin continues its downward trend during the day, breaking below 93,000, and after testing the low around 92,500, it rebounded. The price has now returned above 95,000, but the overall market remains downward. All strategies still focus on short positions during the rebound. If it breaks below the 93,000 line again, consider lightly entering short positions. The overall correction of Bitcoin has not ended, so for those looking to hold long positions for the long term, it is still recommended to wait and see.

On the short-term hourly chart, the Bollinger Bands are opening downward. After multiple tests without breaking through again, the MACD is in the negative zone, with both the fast and slow lines diverging downward, indicating that bearish strength dominates in the short term. The daily MACD and DJK indicators also show a death cross, further confirming the bearish trend. The overall market still leans towards a downward trend, and there is selling pressure around the 96,000 line. If it touches this level again, there is still a risk of a pullback. Please prepare in advance. The upper resistance to watch is around 96,000, and the lower support is around 91,000.

Short-term Reference for Bitcoin on January 9:

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 each day can receive free exit strategies.

Long positions: Buy in the 92,000-91,500 range, with a stop loss at 90,500 and a target above 93,000.

Short positions: Lightly short in the 96,500-96,000 range, targeting 500-1,000 points, with a stop loss at 97,500.

Short-term Reference for Ethereum on January 9:

Long positions: Buy in the 3,180-3,230 range, with a stop loss at 3,050 and a target above 3,320.

Short positions: Short in the 3,330-3,380 range, with a stop loss of 30 points and a target of 50-100 points.

There may be delays in sending articles, and 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 studied the market for many years, focusing on the major trends in the cryptocurrency space, and have studied extensively in the U.S. to analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are unsure about 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 articles, 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, no plagiarism allowed, respect originality!

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