Mr. Coin in the crypto circle: 3.2 Bitcoin rebounds to test resistance, the downward trend has not dissipated. Latest market analysis reference for Bitcoin (BTC) and Ethereum (ETH) today, including strategy reference.

CN
3 days 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 increase the probability of success. At the same time, investing is also a process of growth. Mr. Coin advises all cryptocurrency friends to learn while operating, summarizing both gains and losses in a timely manner, deepening their understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

3.2 Mr. Coin's Analysis of Bitcoin (BTC) Market and Strategy Reference

Recently, Bitcoin has rebounded strongly near the low of 78300, allowing the market, which had been in continuous decline for several days, to recover slowly. In the past two days, the market has warmed up, and prices have risen. From a technical perspective, this trend is a rebound recovery process after a significant drop. Since this wave of Bitcoin has seen an overall decline of over 20,000 points, the short-term recovery strength is also relatively strong. Mr. Coin reminds everyone not to assume that this rebound of several thousand points is a signal of a bullish reversal. From the daily chart perspective, if the short-term rebound does not break and stabilize above 90000, the downward trend will still exist. Therefore, do not mistake a temporary market recovery for a reversal signal.

On the daily chart, yesterday's candlestick closed as a small bullish candle, indicating increased upward momentum. There is strong resistance in the 86500-87500 area above. Currently, although the market is under pressure and has pulled back, it has not broken below the support at 84000. Therefore, the price is likely to test this area upward during the day. The attached daily chart shows that the DIF and DEA are still below the zero axis but are trending towards it. The current price is above EMA7-EMA15 and is testing EMA30 upward. If it continues to hold above, it indicates a strengthening bullish state.

On the short-term hourly chart, the market reached a high near 86550 and then pulled back. The short-term price is running around 85500, with little fluctuation, showing a repair consolidation. From the 4-hour trend, the bears hold the advantage. The focus should be on whether the daily EMA30 can break through and stabilize. If it does not break and stabilize, the market is expected to pull back or continue to oscillate within a narrow range. The short-term price is expected to test the 86500 level upward. Conversely, if it breaks below 84000, there is a risk of further downward movement, with short-term resistance to watch at the daily EMA30 (86500) level.

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

3.2 Short-term Reference for Bitcoin:

Light short position at 85800-86500, with a stop loss at 88800, and a target below 84500.

For long positions, pay attention to the break of 84000. If it reaches this level during the day, a light long position can be tried. If it breaks, stop loss at around 82000 for a light long.

3.2 Mr. Coin's Analysis of Ethereum (ETH) Market and Strategy Reference

Ethereum's recent rebound has been relatively weak, repeatedly testing but failing to break through the resistance at 2280. Since noon today, bullish sentiment has weakened, with the low touching the support near 2145. Currently, the price is running around 2220, and this wave has not broken the effective support below. In the short-term hourly chart, the coin price is still running near the lower Bollinger band, and the daily trend is relatively weak. Therefore, we still need to be cautious of a potential breakdown and continued downward movement, especially focusing on the support at 2100 to prevent a significant drop if it breaks. The short-term market rebound has entered a repair consolidation phase, with both bulls and bears maintaining a stalemate. Thus, before a breakout, we should maintain a strategy of buying low at high levels. Currently, the short-term support is at 2100, and the resistance above is at 2280-2300.

3.2 Short-term Reference for Ethereum:

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for ways to add: the first ten each day can receive free exit strategies.
Short position: 2330-2280, with a stop loss at 2550, and a target below 2210.

For long positions, pay attention to 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. 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. to primarily analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are not familiar with trading, you are welcome 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, sharpen your skills, and be ready to set off at any time. Keep going!

—— This article is written by Mr. Coin, and we refuse to plagiarize and respect originality!

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