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.

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

Yesterday, Bitcoin's price rebounded after a low-level correction to around 94900, and the overall situation has improved. The price has finally stabilized above 96000, and the market has entered a consolidation phase. The focus now is on the resistance at 97500; if it can break through and stabilize, the upward trend is expected to continue.

From the daily chart, the current price rebound is hindered by the middle band of the Bollinger Bands. Looking at the daily candlesticks over the past few days, there has been a certain degree of correction, but no consecutive large bearish candles, indicating that it is still in a range consolidation. MACD (daily): The fast and slow lines are currently close in value and remain in negative territory, with green bars continuously shrinking, showing that the short-selling power is gradually decreasing, and a rebound is possible in the short term. However, the strength is not significant. EMA: The price is approaching the EMA7, EMA30, and EMA120 equilibrium area (around 96544), indicating that it is currently in a consolidation phase. Attention should be paid to changes in EMA7 to determine any effective breakout. The price rebound has already faced resistance; if it cannot break out, it is expected that the price will face downward pressure.

On the short-term hourly chart, the Bollinger Bands are narrowing, and the price is slowly moving above the five-day moving average. However, the upward momentum is not strong, so it is not recommended to blindly chase long positions in the short term, as there is a risk of the market facing downward pressure again. The short-term market is showing a wide range of fluctuations, and there are no signs of breaking out, so the strategy should maintain a high short and low long approach. The upper resistance is at the 97500 area, while the lower support is at around 94000.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for addition methods: the first ten each day can receive free exit strategies.

2.22 Bitcoin Short-term Reference:

Short position: 97800-98300 short, stop loss at 100000, target below 97000,

Long position: focus on the 95300-94800 range long, stop loss at 93000, target above 96000,

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

Ethereum's market has shown a fluctuating upward trend after not breaking below the 2600 level. The price has reached around the 2800 mark as expected, and the short-term market is leaning towards an upward trend. The high has approached previous resistance, and the price has slightly corrected into a high-level consolidation. If it stabilizes and breaks through again, the market is expected to move towards the next level. On the short-term hourly chart, the Bollinger Bands are narrowing, and the market is operating in the middle to upper band area, with a slight adjustment under pressure. Although the upward trend is starting to weaken, the Bollinger Bands are gradually narrowing, indicating that the market is likely to fluctuate in the short term. The strategy should focus on high positions and low long positions, with upper resistance at 2800 and 2850, and support around 2690.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for addition methods: the first ten each day can receive free exit strategies.

2.23 Ethereum Short-term Reference:

Short position: 2830-2780 short, stop loss at 2980, target below 2720,

Long position: focus on the 2635-2680 range, stop loss 50 points, target above 2730,

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 market judgments, always set stop-loss and take-profit levels to secure your gains.

Mr. Coin's public account: Mr. Coin

For more real-time trading strategies, 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 space, and have studied extensively in the U.S. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. I welcome all cryptocurrency friends who are not familiar with 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, 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 going!

—— This article is written by Mr. Coin, no plagiarism, respect originality!

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