Cryptocurrency trading is a long-term plan; it is not about achieving results 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.
4.28 Cryptocurrency Mr. Coin: Bitcoin (BTC) Market Analysis Reference
Yesterday, Bitcoin continued to consolidate within a range as expected, with the price facing resistance around 94,500 during the early hours. The price fluctuated back and forth within a range of over two thousand points. Today, the market faced pressure and moved downward again, currently touching the 92,700 line before rebounding. If the price cannot stabilize above 95,000 during the day, there is a risk of further correction.
On the daily chart, after two days of consolidation, the price has also welcomed a correction. Currently, a support line has formed near the seven-day moving average. Overall, the lower level has not broken, and there is still a risk of continued pullbacks.
On the short-term hourly chart, the price has broken below the four-hour midline. Although the price is currently rebounding after touching the 92,700 line, it has returned to operate near the 94,000 position. MACD: The four-hour MACD histogram continues to shrink, with signs of a death cross between the DIF and DEA lines. RSI: The four-hour RSI is around 55, in a neutral zone, with no obvious overbought or oversold signals in the short term. EMA: The four-hour price is close to EMA7 (94,000.93). If it breaks below, it may form short-term pressure, while EMA30 (93,232.14) serves as important support. A long upper and lower shadow candlestick has appeared on the four-hour chart, indicating intense market competition between bulls and bears, with a potential short-term correction. However, the space is not large, with key support at 92,000. Overall, the price is still within a range, and the strategy is to short at highs and long at lows.
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 daily participants can receive free exit strategies.
4.28 Bitcoin Short-term Reference:
Light short position at 95,000-96,300, with a stop-loss at 97,500, target below 94,000.
Long position at 92,000-93,000, with a stop-loss at 500, target above 94,500.
4.28 Ethereum Short-term Reference:
Short position at 1,815-1,855, with a stop-loss at 1,970, target below 1,780.
Long position at 1,750-1,700, with a stop-loss of 30 points, target above 1,790.
The article may be delayed in sending, and the strategy suggestions are for reference only. The market changes rapidly; 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: 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 daily participants 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 extensively in the U.S. to primarily analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are not familiar with trading, you are welcome to study and learn together.
The article may be delayed in sending, and risks are to be borne by yourself. 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, refusing to plagiarize and respecting originality!
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