Mr. Coin in the Crypto Circle: The price of 2.25 Bitcoin continues to decline, and bearish sentiment is becoming increasingly strong. Today's latest market analysis reference for Bitcoin (BTC) and Ethereum (ETH) is included, along with operational guidance.

CN
6 hours ago

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.

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

Yesterday, Bitcoin's market corrected upwards, and the price broke out with a slight increase. However, it failed to break through the resistance at 96,500 after multiple attempts, and in the evening, the price experienced a strong pullback, quickly erasing the day's gains, touching a low of 54,200 before rebounding. Today, bullish sentiment is weak, and the strength of the rebound has diminished again. If it falls below the 93,600 line,

From the daily chart, the trend has been blocked by the middle line of the Bollinger Bands for several days, and yesterday's recovery also failed to stabilize above the 96,000 line. The subsequent rebound is starting to lose momentum, and the downward trend that was temporarily halted yesterday has erupted again. Currently, the high of 96,500 is under pressure, and there are long upper shadows, indicating that the resistance is still quite strong. Therefore, it is not advisable to blindly chase the price upwards; caution is needed to avoid further declines.

On the short-term hourly chart, although there was a series of upward candles in the early morning, the market has not stabilized. After being under pressure, the price has been continuously declining. The current situation has entered a slow rise and fast fall rhythm, with bears slightly in control overall. If it cannot break through in a short time, there is a possibility of further declines. Conversely, it may test the middle band of the Bollinger Bands. I hope everyone is prepared in advance. Bitcoin is in a weak oscillation phase, and today's trading strategy suggests focusing on short positions during rebounds, with long positions as a supplement. The upper resistance levels to watch are 95,600 - 96,200 - 96,800.

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

2.25 Bitcoin Short-term Reference:

Short Position: Sell at 96,300 - 95,800, stop loss at 98,000, target below 95,000.

Long Position: Focus on the 93,300 - 92,800 range, stop loss at 90,500, target above 94,000.

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

Ethereum's trend is linked to the overall market. Yesterday, it corrected upwards but faced resistance at the 2,860 line, and the market began to decline after that, with the price breaking through multiple supports. The strength of the intraday rebound has also weakened, and it has moved lower, currently touching 2,621 and rebounding, with the price running around 2,650. Bearish sentiment is gradually strengthening, and the key support to watch is the 2,600 level, as we need to be cautious of further declines.

On the short-term hourly chart, the Bollinger Bands are opening, and the market is running near the lower band. The short-term trend has seen three consecutive bearish candles, and the MACD is in the negative zone, but the histogram shows signs of narrowing, indicating a potential short-term rebound. However, the strength is not significant. Although it has touched 2,620 and rebounded, the supply from bulls is clearly insufficient, and the price is still under pressure at 2,680. If it cannot break through soon, the price is likely to decline again, so I hope all cryptocurrency friends are prepared in advance.

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

2.24 Ethereum Short-term Reference:

Short Position: Sell at 2,730 - 2,680, stop loss at 3,040, target below 2,770.

Long Position: Focus on the 2,580 - 2,530 range, stop loss 50 points, target above 2,630.

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 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 unsure about trading to study and learn together.

This article is exclusively shared by Mr. Coin in the Cryptocurrency Circle and represents his unique viewpoint. There may be delays in sending the article, and risks are to be borne by the reader. Please 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, 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, no plagiarism allowed, respect originality!

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