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 to plan a correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

2.22 Mr. Coin in the Cryptocurrency World: Bitcoin (BTC) Market Analysis Reference

Yesterday, Bitcoin's market surged and then retraced, with the evening price rebounding near the 99450 position under pressure. Subsequently, it broke down and moved downward, and now it has retraced again to around 95000. The overall market maintains a wide range of fluctuations. As mentioned in yesterday's article, if the intraday rebound does not stabilize around 99000, the downward trend will still exist. The high also reached around 99450 as expected before quickly retracing, completely swallowing the previous gains. From a daily perspective, Bitcoin's overall range correction has not yet ended, and it is expected that the alternating market will continue.

From the daily chart, the large bearish candlestick has completely swallowed the previous gains, resulting in a nearly 5000-point retracement, with strong bearish sentiment. Currently, the price is testing the lower Bollinger Band, and although the subsequent market shows strong recovery, the overall trend still leans downward. The intraday price rebound has already faced resistance, and if it cannot break through, the price is expected to remain under pressure and decline further.

On the short-term hourly chart, the Bollinger Bands are opening, and the market is operating in the middle to lower band area. Both bulls and bears are taking turns to exert force, with price increases facing resistance, and the upper resistance is slowly moving down. If there is no breakthrough, then as time goes on, the short-term fluctuating market will continue, and there is a risk of price retracement and decline. Therefore, it can be seen that the intraday market is still leaning towards range fluctuations, and the strategy should maintain high short and low long positions. The upper resistance to watch is 98000, and the lower support is around 94000.

For more real-time trading strategies, online technical learning, and exit strategies, you can add the mentor's QQ/WeChat number: 924122998. The first ten each day can receive free exit strategies.

2.22 Short-term Reference for Bitcoin:

Short Position: Sell at 98500-98000, defend at 100000, stop loss: 500, target below 97000.

Long Position: Focus on the 93800-94500 range, defend at 92000, target above 96000 (aggressive traders can buy at the current price near 95000, leaving room for defense).

2.22 Mr. Coin in the Cryptocurrency World: Ethereum (ETH) Market Analysis Reference

Ethereum's movement is linked to the overall market, with the price rebounding under pressure near 2845 and currently running around 2630. The overall trend still maintains a wide range of fluctuations, so we should remember not to blindly follow the market unless the key levels are broken. On the hourly chart, the Bollinger Bands are opening, with both bulls and bears exerting force back and forth. The short-term trend is relatively stagnant, and it is expected that the fluctuating market will continue for a while. The strategy should be to maintain high short and low long positions. The upper resistance to watch is around 2720, and the lower support is near 2600.

2.22 Short-term Reference for Ethereum:

For more real-time trading strategies, online technical learning, and exit strategies, you can add the mentor's QQ/WeChat number: 924122998. The first ten each day can receive free exit strategies.
Short Position: Sell at 2720-260, defend at 2960, stop loss: 2980, target below 2710.

Long Position: Focus on the 2555-2650 range, stop loss 50 points, target above 2700.

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 in the Cryptocurrency World WeChat Official Account; Mr. Coin in the Cryptocurrency World

For more real-time trades, you can follow the official account to get my name, where 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 world, and have studied extensively in the U.S. to provide analysis and guidance on BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are not familiar with trading, you are welcome to study and learn together.

This article is exclusively shared by Mr. Coin in the Cryptocurrency World and represents his unique views. The article may have delays in sending, and the risks are to be borne by the reader. When trading, manage your positions reasonably, and do not operate with 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, 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 World, refusing plagiarism and respecting originality!

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