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.

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

Yesterday, Bitcoin's price maintained a wide range of fluctuations, with a low point near 104,000 showing a continuous rebound. The market today is trending upwards, with the current price operating around 105,700. The overall trend has not changed; although Bitcoin has rebounded, there is significant resistance above. If it cannot break through this resistance, there is a risk of a pullback.

From the daily chart, the Bollinger Bands are parallel and opening. Recently, a double bottom structure has formed at the daily level, with the low point around 100,300. The hourly chart shows consecutive bullish candles breaking through the key level of 105,000, but the last candlestick has a long upper shadow. MACD: The daily DIF (777.9) is still below the zero line but is crossing upwards. The hourly red bars are continuously shortening. RSI: The 14-day RSI has quickly rebounded from 42 to 54, not yet entering the overbought zone; the hourly RSI at 64 is close to the overbought threshold of 70. EMA: The daily EMA7 (104,791) has just crossed above EMA30 (103,852), and the weekly EMA7 (94,413) and EMA30 (66,564) maintain a short-term bullish arrangement. Although the market has rebounded, it is still operating in the lower area of the daily chart and is currently approaching the middle band. If it cannot break through, there is a risk of a price pullback. Conversely, if it breaks and stabilizes above the middle band, there is a possibility of further movement towards the resistance area of 107,000. The key resistance area above to watch is around 106,500, with a focus on shorting during rebounds.

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

6.8 Short-term Reference for Bitcoin:

Light short positions at 105,800-107,000, with a stop loss at 108,800; target below 104,500.

Long positions at 104,500-103,500, with a stop loss of 500; target above 105,500.

6.8 Short-term Reference for Ethereum:

Short positions: 2,625-2,585, with a stop loss at 2,750; target below 2,580.

Long positions: 2,405-2,455, with a stop loss of 30 points; target above 2,500.

There may be delays in article delivery; 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 details on how to add: 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, and other cryptocurrencies. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

Exclusive opinions, there may be delays in article delivery, risks are self-borne, and it is important to manage your position reasonably. Do not operate with 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. Let's go!

—— This article is written by Mr. Coin, and we refuse to plagiarize and respect originality!

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