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 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.

2.17 Mr. Coin's Cryptocurrency Market Analysis: Bitcoin (BTC) Reference

Bitcoin maintained a downward trend overall yesterday, entering a consolidation phase after retreating from a high. Currently, the rebound strength is weak. Throughout the day, it has repeatedly tested the 96600 level, showing some upward movement around the 97000 level. The daily trend still maintains a weak consolidation, with the intraday fluctuation range continuously compressing. If the 97000 level cannot stabilize effectively, the market is expected to retreat further.

On the short-term four-hour chart, the current price rebound has reached the middle track resistance but has not broken upward again. A pullback has already occurred under pressure. If the rebound cannot continue for a long time, there is a risk of a further pullback once the bullish momentum is exhausted. Although the price has rebounded, it has not broken through the resistance area, and the bullish strength is gradually weakening. Additionally, the five-day and ten-day moving averages are starting to flatten, and the MACD indicator shows that it is still in the bearish zone, with the DIF below the DEA and green bars increasing, indicating a weak short-term trend. The EMA7 has crossed below the EMA30 and EMA120, forming a death cross, which puts certain pressure on the price from the short-term moving averages. Therefore, a weak consolidation pattern is expected to continue, and there is still a risk of price retracement to lower support levels. It is recommended to focus on short positions during rebounds and to take light long positions at lower levels.

For more real-time trading strategies, online technical learning, and exit strategies, please follow the official account of Mr. Coin (币圈币先生) for access: The first ten each day can receive free exit strategies.

2.17 Bitcoin Short-term Reference:

Short Position: Sell at 97500-98000, with a stop loss at 99500, target below 96800.

Long Position: Focus on the 96000-95500 range, with a stop loss at 94700, target above 97000.

2.17 Mr. Coin's Cryptocurrency Market Analysis: Ethereum (ETH) Reference

Ethereum is also under pressure and has retraced today, currently trading around the 2680 level. The rebound is weak, and the downward trend has temporarily eased, with the coin price remaining below the middle axis. If the rebound cannot break through the 2760 resistance, there is a possibility of further declines, so all cryptocurrency friends should be prepared. On the short-term hourly chart, the Bollinger Bands are narrowing, and the short-term trend is under pressure and starting to pull back. Looking back at yesterday's overall trend, it has maintained a range consolidation with no signs of breaking out, so our strategy is to go short at high levels and long at low levels.

For more real-time trading strategies, online technical learning, and exit strategies, please follow the official account of Mr. Coin (币圈币先生) for access: The first ten each day can receive free exit strategies.

2.17 Ethereum Short-term Reference:

Short Position: Sell at 2740-2780, with a stop loss at 2920, target below 2670.

Long Position: Focus on the 2620-2580 range, with a stop loss of 50 points, target above 2670.

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 Official Account: Mr. Coin (币圈币先生)

For more real-time trades, you can follow my official 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. to primarily analyze and guide 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 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, 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, no plagiarism, respect originality!

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