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 increase 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 gains 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.
6.4 Mr. Coin's Analysis of Bitcoin (BTC) Market Trends
After failing to break through the resistance at 107,000 in the evening, Bitcoin's price corrected and entered a high-level consolidation. By midnight, it retraced to around 105,500 and rebounded. The current price is around 105,800, with both bulls and bears locked in a struggle, expecting the volatility to continue for a while.
From the short-term hourly chart, the Bollinger Bands are opening upwards, and the price is operating in the upper-middle band area. There was a slight rise after breaking through 106,000, but the overall trend has still corrected back into the range, with no obvious signs of a breakout. The 4-hour chart shows a long upper shadow, with significant selling pressure around 106,770. The daily chart has recorded three consecutive days with lower shadow candlesticks, forming a temporary bottom around 103,000. MACD: The fast and slow lines on the 4-hour chart have crossed above the zero line, but the histogram is shrinking; the daily chart shows a death cross at a high position, continuing to weaken. The 4-hour RSI14 is hovering around 50, while the 1-hour chart shows a range of 52-60. The price is oscillating between the 4-hour EMA7 (105,728) and EMA30 (105,540), with EMA120 (105,284) providing short-term support. Overall, although the coin price has risen somewhat, it is still forming a wide range of oscillation. From a long-term perspective, the coin price has not stabilized above the daily Bollinger middle line at 106,500, and it remains in a weak phase. Therefore, subsequent operations should avoid blindly chasing highs and lows; the short-term strategy should be to short high and long low.
For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for the addition method: the first ten each day can receive free exit strategies.
6.4 Short-term Reference for Bitcoin:
Light short position at 105,800-107,000, with a stop loss at 108,800; target below 104,000.
Long position at 103,500-102,500, with a stop loss of 500; target above 104,500.
6.4 Short-term Reference for Ethereum:
Short position at 2,625-2,685, with a stop loss at 2,750; target below 2,580.
Long position at 2,505-2,555, with a stop loss of 30 points; target above 2,600.
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 stop-loss and take-profit 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 the addition method: the first ten each day can receive free exit strategies.
For more real-time trades, 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. to primarily analyze and guide 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.
Exclusive opinions, the article may have delays, and risks are self-borne. 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, and we refuse to plagiarize and respect originality!
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