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 should learn while trading, summarizing both profits 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.

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

Currently, the trend shows that Bitcoin has experienced a high and then a pullback. However, looking at the current resistance area of 84000-84500, which has been tested multiple times without breaking through, it still lacks momentum. It has been in a weak adjustment phase, and since the key support below has not been broken, a significant drop is not likely. It is expected that the sideways consolidation will continue for a while. In terms of news, as the cryptocurrency market is gradually changing, the short-term impact on prices will not be as significant as in the past.

From the hourly chart, the recent 4-hour K-line has been fluctuating within the range of 81500 to 84500, forming multiple upper and lower shadows. The 1-hour K-line has tested support near 83300 multiple times but has not effectively broken through, forming a short-term consolidation pattern. The MACD shows that the fast and slow lines are approaching on both the 4-hour and 1-hour levels, with the MACD histogram narrowing. The RSI is around 50 on both the 4-hour and 1-hour levels, not entering the overbought or oversold zones. The EMA7 is close to the price on both the 4-hour and 1-hour levels, while the EMA30 and EMA120 are above the price on the 4-hour level, creating resistance from the short-term moving averages. The long-term moving averages are still in a downward trend. Overall, the market continues to consolidate with limited short-term rebound strength, and the pullback is still ongoing. The subsequent rebound is likely to be weak, with a possibility of further downward movement in price. Therefore, it is currently advised not to enter long positions, as there is a risk of prices dropping again. The strategy suggests focusing on short positions during rebounds, with long positions as a supplement. The upper resistance to watch is around 83800-84600, while the lower support is around 81200.

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.

4.6 Short-term Reference for Bitcoin:
Light short positions at 83500-84500, with a stop loss at 96500, target below 8200.

Long positions in the range of 80800-81500, with a stop loss at 83000.

4.6 Short-term Reference for Ethereum:

Short positions at 1840-1880, with a stop loss at 2230, target below 1790.

Long positions in the range of 1730-1780, with a stop loss at 1650, target above 1810.

The sending of articles may be delayed, 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 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.

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. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. I welcome all cryptocurrency friends who are unsure about trading 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 be delayed 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 we refuse to plagiarize and respect originality!

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