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 advises all cryptocurrency friends to learn while trading, 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.
3.10 Mr. Coin in the Cryptocurrency Circle: Bitcoin (BTC) Market Analysis Reference
Yesterday, Bitcoin continued to show weak fluctuations. During the day, the price did not fluctuate much, and in the evening, it retraced as expected, continuously dropping down this morning, breaking through multiple support levels, and touching around 79,900 before rebounding. The price is currently running around 80,600. As of now, the intraday decline is over 5,000 points, with a rebound of a few hundred points.
From the daily chart, yesterday's price ended with a large bearish candle, with four consecutive days of K-line ending in a bearish column. The daily MACD histogram remains in negative territory and is expanding, with both the fast and slow lines below the zero axis. The daily RSI is at 34.45, close to the oversold area. The price has broken below the EMA7 and EMA30, indicating strong bearish momentum, and there is still room for downward movement in the short term.
On the short-term hourly chart, the Bollinger Bands are opening downwards, with the price running near the lower band. The price has faced multiple obstacles in rebounding in the short term, with the market correction pressured at the 84,000 level, and it has already undergone a few thousand points of correction. The bullish sentiment is relatively weak in the short term, and there is a possibility of the price retreating again to test lower support levels. Therefore, it is not recommended to blindly chase after rising prices in all operations. The attached AMCD and Stoch lines are both expanding downwards, indicating that short-term operations should focus on corrections, with low positions as a supplement.
Mr. Coin's public account: (Mr. Coin in the Cryptocurrency Circle) offers more real-time trading strategies daily, online technical learning, and exit strategies. You can follow the mentor's public account (Mr. Coin in the Cryptocurrency Circle) for ways to add: the first ten each day can receive free exit strategies.
3.10 Bitcoin Short-term Reference:
Light short positions at 84,500-83,500, with a stop loss at 86,000, and a target below 82,000.
For long positions, pay attention to the situation if it breaks below 80,000, with a long position in the 79,000-77,500 range, stop loss at 76,000.
3.10 Ethereum Short-term Reference:
Short positions: 2,200-2,140, with a stop loss at 2,350, and a target below 2,210.
For long positions, pay attention to the stabilization at 2,000, in the 1,920-1,980 range, with a stop loss at 1,750.
The article may have delays in sending, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how accurate your market judgment is, always set stop-loss and take-profit levels to secure your gains.
Mr. Coin's public account: (Mr. Coin in the Cryptocurrency Circle) offers more real-time trading strategies daily, online technical learning, and exit strategies. You can follow the mentor's public account (Mr. Coin in the Cryptocurrency Circle) for ways to add: the first ten each day can receive free exit strategies.
For more real-time trades, you can follow my public account. 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 extensively in the U.S., 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 views. There may be delays in sending the article, and risks are to be borne by the reader. Manage your positions reasonably when trading, 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, 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, refusing plagiarism and respecting originality!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
