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 gains 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.

3.1 Mr. Coin's Analysis of Bitcoin (BTC) Market Trends

The Bitcoin market continues to experience significant fluctuations. From yesterday afternoon to evening, it refreshed its low point, testing around the 78300 position, fortunately not breaking down again. After some evening repair and consolidation, the price has returned to above 80,000. As of now, the previous drop has not resulted in a strong rebound, and it is still important to avoid blindly chasing the rise during the day.

Looking at the short-term four-hour chart, the Bollinger Bands are gradually narrowing. Although the price has rebounded upwards, the momentum is not strong, and it has not yet broken through the middle track resistance. The MACD continues to operate below the zero axis, indicating that bearish strength remains strong. However, the latest bar has decreased, suggesting a short-term rebound, but the overall strength is not significant. The short-term EMA (7) is below the medium-term (30) and long-term (120), indicating that the overall market is still in a weak phase. Attention should be paid to short-term crossover signals to identify potential turning points. The daily trading volume has generally increased, especially during sharp price fluctuations, with intense competition between bulls and bears. It is recommended that all coins prepare in advance. The overall trend is still in a phase of repair and consolidation, but the larger direction remains weak. During the day, pay attention to the stabilization of the rebound; if it cannot hold above 86000, the price is likely to retrace. It is advised to wait and see or take light short positions.

For more real-time trading strategies, online technical learning, and exit strategies, please follow the official account of Mr. Coin (Mr. Coin in the cryptocurrency circle) for access. The first ten people each day can receive free exit strategies.

3.1 Short-term Reference for Bitcoin:

Light short position at 95600-96500, with a stop loss at 98800, and a target below 90000.

3.1 Short-term Reference for Ethereum:

Short position: 2330-2280, with a stop loss at 2550, and a target below 2210.

Long position to focus on the 2080-2130 range, with a stop loss of 50 points, and a target above 2200.

The article may have delays in sending, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgments, it is essential to manage take-profit and stop-loss levels properly to secure gains.

Mr. Coin's official account: Mr. Coin in the cryptocurrency circle

For more real-time trades, please follow my official account for access. 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 circle, and have studied in the U.S. multiple times, mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are unsure about trading, you are welcome to study and learn together.

This article is exclusively shared by Mr. Coin in the cryptocurrency circle and represents his unique viewpoint. The article may have delays in sending, 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, prepare well, and be ready to set off at any time. Keep it up!

—— This article is written by Mr. Coin in the cryptocurrency circle, and plagiarism is rejected; respect originality!

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