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 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 16:

Yesterday, Bitcoin retraced and rebounded, maintaining a high-level consolidation afterward. In the evening, the bulls pushed the market upward, breaking through the resistance. It once again surpassed the 100,000 mark, reaching around 100,800 before pulling back. The current price is around 99,700.

On the daily chart, the price reversed and closed positively yesterday, operating near the upper Bollinger Band. The current trend is stabilizing above 99,000, with the price facing resistance near the defense line. Market sentiment is relatively sluggish, but the overall bullish trend is warming up, and further upward testing is expected. Therefore, the trading suggestion is to focus on long positions.

On the short-term hourly chart, the Bollinger Bands are opening upwards, and recent candlesticks show a clear upward trend, especially since the strong rebound starting on the 13th. The price continues to rise after breaking the previous high, but there are signs of some pullback. MACD: Both the 4-hour and daily levels show enhanced bullish momentum, with the MACD histogram remaining positive, indicating that the market is in an upward trend. EMA: The current price is above EMA7, EMA30, and EMA120, with EMA7 > EMA30 > EMA120, showing a typical bullish arrangement that supports further price increases. From the 4-hour trading volume data, the volume peaked at 12:00 on the 15th and then decreased. As the price rises, the willingness to chase higher prices weakens. The daily trading volume significantly increased on the 15th, supporting the strong surge at that time. Therefore, in the short term, maintaining low long positions at high levels is advisable.

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 daily followers can receive free exit strategy advice.

Short-term Reference for Bitcoin on January 16:

Long position: Buy in the 98,500-99,000 range, with a stop-loss at 97,000 and a target above 99,800.

Short position: Lightly short in the 101,500-100,800 range, targeting 500-1,000 points, with a stop-loss at 102,500.

Short-term Reference for Ethereum on January 16:

Long position: Buy in the 3,280-3,330 range, with a stop-loss at 3,150 and a target above 3,400.

Short position: Short in the 3,510-3,450 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 stop-loss and take-profit levels to secure your gains.

Mr. Coin's public account: Mr. Coin in the cryptocurrency circle.

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 in the U.S. multiple times, mainly analyzing and guiding 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 in the cryptocurrency circle and represents his unique views. There may be delays in sending the article, and the 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, moving forward together. 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 in the cryptocurrency circle, refusing plagiarism and respecting originality!

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