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 short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what is 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 gains 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 11:

Bitcoin retraced and attacked again yesterday, and in the evening, the price quickly experienced a pullback of over a thousand points. It has now rebounded from the lower support level, with the price operating around 94,200. The short-term rebound has failed, and the bullish momentum has weakened, so it is advised that everyone refrain from blindly following long positions until the market breaks through 96,000, to guard against another price retracement.

From the daily chart, yesterday's candlestick ended with a small bearish close, with upward momentum hindered by the middle line of the daily Bollinger Bands. There is strong resistance in the 96,000 area above. Although the market is under pressure and retracing, it has not broken below the first line of support, so the price is likely to continue fluctuating during the day.

On the short-term four-hour chart, the Bollinger Bands are in a contracting posture. After the price retraced and touched the 91,200 line, it rebounded, and the price is currently operating in the middle band area, with the coin price forming a resistance zone below the middle line of the Bollinger Bands. In summary, although the current trend is leaning towards upward movement, the resistance above is quite strong, so it is recommended to focus on long positions during pullbacks and to take short positions at high levels.

Currently, neither the upper nor lower resistance and support levels have been broken, and the short-term trend has entered a range consolidation, so our strategy is to go long at high levels and low levels. Pay attention to the resistance around 96,000; if the market breaks through 96,000, the upper space is expected to open up again. If it breaks through, everyone can follow the trend to seize short-term gains. If it does not break through, the market will continue to show weak fluctuations.

Short-term Reference for Bitcoin on January 11:

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 90,100-91,500 range, with a stop loss at 90,000 and a take profit target above 92,500.

Short position: Lightly short in the 95,500-95,000 range, with a target of 500-1,000 points, stop loss at 96,500.

Short-term Reference for Ethereum on January 11:

Long position: Buy in the 3,080-3,130 range, with a stop loss at 3,050 and a target above 3,320.

Short position: Short in the 3,330-3,280 range, with a stop loss of 30 points and a target of 50-100 points.

There may be delays in sending this article; 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 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. There may be delays in sending the article; 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, sharpen your skills, 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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