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 learn while trading, summarizing both profits and losses in a timely manner to deepen their understanding of risks and to plan the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

5.7 Mr. Coin in the Cryptocurrency Circle: Bitcoin (BTC) Market Analysis Reference

Bitcoin's intraday market maintains a wide range of fluctuations, with a low point touching around 93350 and then rebounding. The current price has returned to above 97000. The focus going forward will be on the previous high resistance. If it rebounds and breaks through this area again, the expected increase will likely continue. The market is entering a phase of repair and consolidation. Although the price fluctuated by several thousand points during the day, it has not broken the current fluctuation pattern. Therefore, one should avoid chasing highs and cutting losses, and be cautious of market reversals that could cause unnecessary losses.

From the short-term hourly chart, after the rebound from evening to early morning, the Bollinger Bands are opening up, and the situation is gradually improving. Currently, it is in the upper band area, with the five-day and ten-day moving averages forming double support below. Although the short-term trend is slightly under pressure and entering consolidation, the strength of the pullback is gradually weakening, and the support below is continuously rising. The price is likely to test upwards again, so I hope all cryptocurrency friends are prepared in advance. The upper resistance levels to watch are 97800 and 98500, while the short-term support is around 94600.

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 people each day can receive free exit strategies.

5.7 Bitcoin Short-term Reference:

Light short position at 97700-98500, with a stop loss at 99500, target below 96500.

Long position at 93500-94500, with a stop loss of 500, target above 95000.

5.7 Ethereum Short-term Reference:

Short position at 1845-1885, with a stop loss at 1970, target below 1780.

Long position at 1740-1780, with a stop loss of 30 points, target above 1810.

The article may have delays in sending, 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 your take profit and stop loss 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 people each day can receive free exit strategies.

For more real-time trading strategies, you can follow my public account for online market 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. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

The article may have delays in sending, and risks are to be borne by oneself. 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, prepare well, and be ready to set off at any time. Keep going!

—— This article is written by Mr. Coin in the Cryptocurrency Circle, refusing to plagiarize and respecting originality!

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