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

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

Yesterday, Bitcoin failed to break through the resistance at the 108500 level after multiple attempts, and bullish sentiment began to weaken significantly, with upward momentum gradually diminishing. The market opened with fluctuations and broke down to the low of around 105400. Today, the market has gradually stabilized, with short-term resistance moving down to the 107300 position.

From the daily chart, the price ended with a bearish candle yesterday, with both bulls and bears taking turns to exert force. Currently, the overall trend range is being compressed, and the five-day moving average is turning downward under continuous pressure from the trend. If the price cannot break and stabilize at this position during the day, there is a possibility of further declines. The MACD indicator shows both lines above the zero axis, maintaining a downward volume, while the RSI and Stoch indicators are relatively flat, indicating that there is still a risk of a pullback in the market.

On the short-term hourly chart, the Bollinger Bands are slightly open, and the market is operating in the middle to lower band area. The price has attempted to break through the middle band multiple times but has failed to maintain it, indicating selling pressure in this area. Currently, the price is around 105650, and overall market sentiment is temporarily low. Mr. Coin expects the weak and volatile market to continue for some time, so everyone should maintain a cautious approach. The range to watch is between 107500 and 105000.

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 ways to add: the first ten each day can receive free exit strategies.

7.2 Short-term Reference for Bitcoin:

Lower entry point 106800-108000, stop-loss at 109500, target below 106200.

Upper entry point 104700-103500 long, stop-loss 500, defend at 102300, target above 105500.

There may be delays in article delivery, and 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.

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. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. I welcome those who are not familiar with trading to study and learn together.

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 ways to add: the first ten each day can receive free exit strategies.

Exclusive opinions, there may be delays in article delivery, risks are self-borne, and it is important to control 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 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, sharpen your skills, and be ready to set off at any time. Keep it up!

—— This article is written by Mr. Coin in the cryptocurrency circle, no plagiarism allowed, respect originality!

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