The cryptocurrency trading market 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 gains and losses in a timely manner to deepen their understanding of risks and develop a correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.
2.21 Mr. Coin's Cryptocurrency Market Analysis: Bitcoin (BTC) Reference
Recently, Bitcoin has rebounded strongly from a low near 93400. Since the 5th of this month, the price has been fluctuating back and forth between bulls and bears, forming a wide range of oscillation. In the last two days, the market has warmed up, and prices have risen. From a technical perspective, this trend is a rebound and repair process. As Bitcoin has been interspersed with both bullish and bearish movements recently, the short-term repair strength is also relatively strong. Remember, just because this rebound has reached several thousand points, it does not mean it is a signal for a bullish reversal. In fact, from the daily chart, the short-term rebound has not broken and stabilized above 99000; the downward trend will still exist. Therefore, do not mistake a temporary market repair for a reversal signal.
On the short-term hourly chart, the price is currently running around 98700, with a short-term price continuously testing upwards. The increase has already exceeded 5000 points, and the MACD fast and slow lines are both moving upwards, indicating a clear bullish advantage. On the daily chart, the DEA is flattening, and the DIF is showing a signal of turning upwards, indicating signs of a bullish trend. RSI: The hourly RSI is around 70, close to overbought, while the daily RSI has rebounded from 42 to 51, showing increased upward momentum. EMA: 7EMA > 30EMA, and there is still a gap with the 120EMA trend. The short-term mid-line upward trend is good, especially with the support of short-term moving averages, indicating that bulls dominate the trend. The focus should be on the 99000 level; if it does not break and stabilize, a correction is expected. It is recommended to wait and observe before stabilizing, and if opportunities arise later, one can consider shorting at high positions.
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 daily followers can receive free exit strategies.
2.21 Bitcoin Short-term Reference:
Short: 99500-98900, stop loss at 100800, take profit target below 98000.
Long: Focus on the 96800-96300 range, stop loss at 95000, take profit target above 98000.
2.21 Mr. Coin's Cryptocurrency Market Analysis: Ethereum (ETH) Reference
Recently, Ethereum's rebound has been relatively weak, repeatedly testing upwards but failing to break through the resistance at 2780. Since noon today, bullish sentiment has weakened, and the market has once again entered a repair rhythm. By the evening, the market has retraced multiple times to around 2705, with fluctuations of nearly 50 points back and forth. If Ethereum does not catch up with the rise, there is a chance for the market to retrace to the 2700 level again.
On the short-term hourly chart, the price is maintaining near the daily Bollinger middle line. The daily trend is relatively weak compared to Bitcoin, so we will still focus on Bitcoin's movements. The key support to watch is at 2700 to prevent a significant drop below this level. The recent market rebound has entered a repair and consolidation phase, with both bulls and bears maintaining a stalemate. Therefore, before breaking the level, we should maintain a strategy of buying low at high positions. Currently, the upper resistance to watch is around 2800.
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 daily followers can receive free exit strategies.
2.21 Ethereum Short-term Reference:
Short: 2760-2810, stop loss at 2960, take profit target below 2710.
Long: Focus on the 2680-2640 range, stop loss at 50 points, take profit target above 2740.
The article may have delays in sending, and the strategy suggestions are for reference only. The market changes rapidly, so 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 official account: Mr. Coin (币圈币先生)
For more real-time trading strategies, please 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 analyzed 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, move forward together, and stay optimistic in investing. 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 take action at any time. Let's go!
—— This article is written by Mr. Coin, no plagiarism allowed, respect originality!
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