Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. 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.

5.6 Mr. Coin's Cryptocurrency Market Analysis: Bitcoin (BTC) Reference

Bitcoin has rebounded after a pullback, touching a low of around 93,500 in the evening, with the price slightly rebounding above 94,000. Both bulls and bears have once again entered a stalemate, and the trend has not broken through the 95,000 line. Moreover, this rebound has not surpassed the short-term resistance of the day's high. If the bullish momentum weakens, the price will inevitably return to test the day's low support.

On the daily level, it is still in a range-bound oscillation. After consecutive bearish closes from May 2 to May 5, it stabilized and rebounded, but the highs are gradually moving lower. On the short-term hourly chart, although the price has made a rebound of over a thousand points during the day, the trend remains in the lower-middle track area, and the short-term pattern is still weak. Currently, multiple attempts to break through have failed, and the upper middle track resistance is slowly moving down. If there is no significant rebound to break the downward pressure of the middle track, a further decline in price is highly likely.

On the 4-hour level, a recent rebound has occurred, with the price quickly rising from around 93,500 to 94,625, but it has not broken the previous high. MACD: The fast and slow lines on the 4-hour level are both below the zero axis, and the MACD histogram is narrowing (-487→-606), indicating a slight weakening of the short-term bearish momentum. The daily level golden cross continues, but the histogram is flattening. RSI: The 4-hour RSI (44) has exited the oversold zone but has not yet entered the strong zone; the daily RSI (60.94) remains neutral. EMA: The 4-hour EMA7 (94,505) is about to cross above EMA30 (95,212). If it can rebound and break through EMA30, there is still upward space for the short-term bulls; otherwise, it will form upper resistance. In terms of operations, it is recommended to focus on short positions during rebounds and to support long positions during pullbacks.

For more real-time trading strategies, online technical learning, and exit strategies, please follow the official account of Mr. Coin (币圈币先生) to get the addition method: The first ten each day can receive free exit strategies.

5.6 Short-term Reference for Bitcoin:

Light short positions at 94,700-95,500, with a stop loss at 96,500; target below 94,000.

Long positions at 92,500-93,500, with a stop loss of 500; target above 94,000.

5.6 Short-term Reference for Ethereum:

Short positions at 1,835-1,885, with a stop loss at 1,970; target below 1,780.

Long positions at 1,730-1,770, with a stop loss of 30 points; target above 1,800.

There may be delays in article transmission, and strategy suggestions are for reference only. The market changes rapidly; regardless of how confident you are in market judgments, always manage your take-profit and stop-loss levels properly to secure your gains.

Mr. Coin's official account: For more real-time trading strategies, online technical learning, and exit strategies, please follow the official account of Mr. Coin (币圈币先生) to get the addition method: The first ten each day can receive free exit strategies.

For more real-time trades, you can follow my official 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 in the U.S. multiple times, 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 is my perspective; there may be delays in article transmission, 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 pushing. 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, and we refuse to plagiarize and respect originality!

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