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 improve the win rate. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends should learn while trading, summarizing both profits and losses in a timely manner to deepen their understanding of risks and develop the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

2.10 Mr. Coin's Analysis Reference for Bitcoin (BTC)

The daily consolidation pattern of Bitcoin has not changed significantly, and the market continues to follow yesterday's consolidation. Yesterday, Bitcoin faced resistance at the 97300 level, and today the market is also hindered in its upward movement, entering a consolidation phase. Currently, the bearish trend is showing signs of weakening, and the market has broken downwards, reaching a low of 94700. The overall situation is beginning to ease, with prices showing a slight rebound. The current price is around 97100.

From the daily chart, we can see two consecutive small bullish candles at the end, indicating that the bears are gradually losing strength. The previous decline is slowly recovering, and the downward momentum is beginning to weaken, maintaining a weak oscillating trend overall. The market is currently operating in the lower range. Although there has been a pullback and rebound, the upward momentum is not strong. If the market cannot break through the 98500 resistance later today, there is a possibility of further declines. Therefore, Mr. Coin advises against blindly chasing after price increases in today's operations.

Looking at the 4-hour chart, the Bollinger Bands are in a contracting state, with the price oscillating around the middle axis of the Bollinger Bands. The price has shown long upper and lower shadows in the candlesticks. Currently, the MACD is below the zero line, with both the fast and slow lines showing negative values, indicating a weak short-term trend. The RSI value is 57.1, close to the overbought area but not yet in it, showing some upward momentum. The EMA7 (96688.7) is above the EMA30 (96477.8) but below the EMA120 (97130.3), with short-term moving averages diverging upwards, indicating a potential for a short-term rebound. Therefore, it can be seen that there is still an upward trend in the short term, but it is crucial to remember that if the upper resistance area cannot be broken, any gains will likely be given back. The operation should focus on shorting at high points and going long at low points within the range.

2.10 Short-term Reference for Bitcoin:

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin in the cryptocurrency circle) for addition methods: the first ten daily can receive free exit strategies.
Short position: Short at 98000-98500, with a stop loss at 100000, target below 97800.

Long position: Focus on the 96000-95500 range, with a stop loss at 94000, target above 96800 (currently holding a long position at 96000).

2.10 Short-term Reference for Ethereum:

Short position: Short at 2720-2760, with a stop loss at 2900, target below 2650.

Long position: Focus on the 2500-2540 range, with a stop loss of 50 points, target above 2600.

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 set take-profit and stop-loss 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 online technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency circle, and have studied in the U.S. multiple times, mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are unsure about trading, you are welcome 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 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, move forward together, and 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 in the cryptocurrency circle, refusing plagiarism and respecting originality!

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