Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. Even if there are losses in the short term, there is nothing to fear. As long as the subsequent direction is chosen correctly, what is 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 advises all cryptocurrency friends to learn while operating, summarizing both gains and losses in a timely manner, deepening the understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

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

Yesterday, Bitcoin's price rebounded, but it faced resistance around 92,800 multiple times and failed to test higher levels. After being pressured, it entered a correction, closing with a bearish candle on the daily chart, temporarily easing the upward momentum. The market is currently in a consolidation phase, with support around 88,000. If it cannot break through the daily resistance today, and if the trend closes bearish again, there is a risk of continued correction, so everyone should be prepared in advance.

Looking at the short-term hourly chart, the price is operating in the upper-middle range, entering a consolidation mode under pressure. Although bullish sentiment is weak, there are signs of a rebound after a correction on the daily chart, with signs of stabilization in the short term. MACD: Both the 4-hour and daily MACD are above the zero line, but if the price breaks below the middle support on the 4-hour chart, there is a high probability of a death cross, so caution is needed for a short-term correction. RSI: The 4-hour RSI is hovering around 50, while the daily RSI is in a neutral zone. EMA: The 7-day EMA is in a bullish arrangement with the 30-day and 120-day EMAs, with the 120-day EMA providing strong support. There is a potential for a rebound in the short term, but the strength is not significant. The market will look at the stabilization around the 90,000 mark. It is recommended to go long on corrections, with a wide range for high short and low long positions.

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 daily followers can receive free exit strategies.

3.7 Short-term Reference for Bitcoin:

Light short position at 91,600-92,500, with a stop loss at 93,800, target below 91,000.

Focus on the break of 88,000 for long positions, with a long entry in the 87,000-85,000 range, stop loss at 83,000.

3.7 Short-term Reference for Ethereum:

Short position at 2,330-2,280, with a stop loss at 2,550, target below 2,210.

Focus on the 2,080-2,130 range for long positions, with a stop loss of 50 points, target above 2,200.

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 stop-loss and take-profit 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 in the U.S. multiple times, mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. I welcome those who are not familiar with trading to study and learn together.

This article is exclusively shared by Mr. Coin in the cryptocurrency circle 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, 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, no plagiarism allowed, respect originality!

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