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 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.
3.9 Mr. Coin in the Cryptocurrency Circle: Bitcoin (BTC) Market Analysis Reference
Yesterday, both bulls and bears in the Bitcoin market were relatively stuck, but several pullbacks failed to break the support at the 85600 level. Subsequent rebounds tested the resistance around 86500, and the market trend has entered a consolidation phase with bullish sentiment starting to weaken. The intraday trend continues to consolidate, with both sides beginning to get stuck, and the price is facing expected resistance as it rises. Currently, the trend maintains a range-bound consolidation, and until a breakout occurs, our strategy is to go short at high prices and long at low prices.
Looking at Ethereum, the trend continues to be strong in the market. Yesterday, it rose nearly 100 points, breaking out of the previous consolidation range, and bullish sentiment is gradually improving, with the downward trend temporarily suppressed. The market continues to rise today, currently approaching the 2235 level. If it breaks through the 2250 level again, it is expected to see a small upward surge. It is recommended that everyone prepare in advance; if a breakout occurs, one can seize the short-term long profits.
On the short-term hourly chart, the price has risen to the 2235 level and is facing resistance and pulling back. The price is now testing downward, briefly touching the seven-day line for a pullback, but a long upper shadow indicates that the market is still under pressure. Therefore, it is not recommended to blindly go long at the moment; it is better to wait for a pullback to test support before considering entry. The short-term market is facing obstacles and entering a pullback rhythm, with both sides beginning to alternate in exerting force, and the trend is entering a high-level consolidation phase. If the support holds, there is a possibility of continuing upward breakout. MACD: In the 4-hour chart, both the fast and slow lines are below the zero axis, and the MACD histogram remains positive, indicating that the current trend is bullish, but the MACD histogram shows signs of shortening, which requires caution for a possible pullback.
For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin in the Cryptocurrency Circle) for access. The first ten people each day can receive free exit strategies.
3.9 Bitcoin Short-term Reference:
Light short positions at 87500-88500, with a stop loss at 90000, and a target below 87000.
Long positions should focus on the breakout situation at 85000, with a long range at 83000-84500, stop loss at 81000.
3.9 Ethereum Short-term Reference:
Short positions: 2300-2240, with a stop loss at 2550, and a target below 2210.
Long positions should focus on the 2050-2100 range, with a stop loss of 50 points and a target above 2200.
There may be delays in sending articles, and 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 trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin in the Cryptocurrency Circle) for access. The first ten people each day can receive free exit strategies.
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 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 not familiar with 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. There may be delays in sending articles, 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, move forward together, and 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, refusing plagiarism and respecting originality!
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