Mr. Coin in the crypto circle: Today's latest market analysis reference for 4.9 Bitcoin (BTC) and Ethereum (ETH), including operational reference ideas.

CN
7 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 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 profits 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.

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

Bitcoin's morning rebound did not break through the 81,000 resistance, and it faced pressure around the 80,800 level. Subsequently, the price fluctuated and fell below the 80,000 mark, leading to another wave of decline. Fortunately, the 76,000 line was not broken, and the current price is around 77,000. In the short term, looking at the hourly chart, the trend has started to rebound after a pullback, but the upward momentum is not strong, and the upper support is slowly moving down. The MACD is in the negative zone on both the 4-hour and 1-hour levels, with the fast and slow lines continuing to decline. The RSI is in the 30-50 range on both the 4-hour and 1-hour levels, and the EMA7 has crossed below the EMA30 and EMA120 on both the 4-hour and 1-hour levels. If there is no breakthrough at the 80,000 resistance, there is a possibility for the trend to decline again.

On the daily chart, the bearish candle indicates that the bears are gradually gaining strength, and the upward momentum during the day is starting to weaken, maintaining an overall weak fluctuation. The market has dropped to the lower boundary area. Although there has been a pullback and rebound, the upward momentum is not strong. If the market cannot break through the 80,000 and 81,000 dual resistance levels, there is a possibility for further declines. The daily trend is weak, so our short-term strategy remains focused on short positions during rebounds.

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.

4.9 Short-term Reference for Bitcoin:
Light short positions at 80,700-79,500, with a stop loss at 82,500. Target below 79,000.

For long positions, pay attention to the break at 74,500. If it breaks, observe the situation, and consider light positions near new lows.

4.9 Short-term Reference for Ethereum:

Short positions: 1,600-1,650, with a stop loss at 1,830. Target below 1,550.

Long positions: 1,330-1,380, with a stop loss of 30 points. Target above 1,450.

There may be delays in sending messages. The strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in your market judgment, always manage your take profit and stop loss effectively 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 access. The first ten daily followers can receive free exit strategies.

For more daily 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. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. 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 perspective. 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. Let's go!

—— This article is written by Mr. Coin in the cryptocurrency circle. No plagiarism, respect originality!

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