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.

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

Bitcoin opened lower today, with prices breaking down further. Currently, it has rebounded at the 74500 level, stabilizing in the short term and showing a continuous rebound. However, it faced resistance and retraced after reaching the 83500 level. The trend has touched the short-term daily Bollinger middle axis resistance area. If it cannot rebound and break through this area, there is a risk of a price reversal downward.

From the four-hour chart, the K-line shows a typical W double bottom pattern, with the Bollinger Bands opening. The price is operating in the upper band area, and the upper band resistance is near the MA120 position. Therefore, based on the current trend, the hope for a price breakout upward is low, so it is advised not to chase the rise.

On the daily level, the MACD negative value is rapidly converging, and after a golden cross on the hourly level, it rose quickly. The daily RSI14 has rebounded from 33.89 to 49.27, exiting the oversold zone; however, the hourly level reached a high of 72.66, which requires caution for a pullback. EMA: The price is above EMA7 (80982), but EMA30 (83906) is still showing downward pressure. The short-term EMA7 has crossed above EMA30, forming a bullish arrangement on the hourly chart. Overall, if the price cannot effectively break through the Bollinger middle axis during the day, the market is expected to weaken further. Recently, the price has fluctuated greatly due to news, so it is recommended that all cryptocurrency friends operate with light positions and control risks reasonably. Try to enter the market in line with the major trend.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for addition methods: the first ten each day can receive free exit strategies.

4.10 Short-term Reference for Bitcoin:
Light short position at 83300-74500, with a stop loss at 85500, target below 82500.

For long positions, pay attention to the breakout situation at 80000, long at 79500-80500, stop loss 500, target above 81300.

4.10 Short-term Reference for Ethereum:

Short position: 1720-1680, with a stop loss at 1830, target below 1600.

Long position: 1430-1380, stop loss 30 points, target above 1500.

The article may have delays in sending, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in market judgments, always set take-profit and stop-loss levels to secure your gains.

Mr. Coin's public account: For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for addition methods: 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, etc. I welcome all cryptocurrency friends who are not familiar with trading to study and learn together.

This article is exclusively shared by Mr. Coin 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, 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. Let's go!

—— This article is written by Mr. Coin, no plagiarism allowed, respect originality!

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