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 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.
7.14 Mr. Coin's Analysis Reference for Bitcoin (BTC)
The bullish sentiment for Bitcoin has warmed up in the evening, maintaining a fluctuating upward trend, with the price rebounding after a pullback. The price has reached a new high today, and the short-term repair range has been broken. If it can break and stabilize around the 119,000 level again, the price is expected to further rise towards the 120,000 mark.
From the short-term 2-hour chart, as this wave of pullback has rebounded from the middle track of the Bollinger Bands, the upper track gap is gradually opening. The bulls are continuously warming up, but the subsequent breakthrough strength is obviously insufficient, and there is double resistance at the 120,000 mark above. If it cannot continue to break through, there is a possibility of a pullback support. Therefore, a steady operation is still to buy on the dip, and if it breaks, consider a light position for a short-term long.
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.
7.14 Short-term Reference for Bitcoin:
Lower test entry point 119,500-120,500, stop loss at 122,500, target below 119,000,
Upper test entry point 116,500-117,500 long, stop loss 500, defend at 114,000, target above 118,500,
7.14 Mr. Coin's Analysis Reference for Ethereum (ETH)
The Ethereum market is relatively active today, with prices fluctuating in the 2940-3000 range for a short time. However, the overall bullish sentiment is warming up, and the trend is slowly rising. The current price is under pressure at the 3000 level, currently running around 2970. Although the price has risen to refresh the day's high, the subsequent bullish supply is insufficient, and a pullback signal has already been given, so it is not recommended to blindly chase the rise.
The overall trend of Ethereum is also maintaining a fluctuating upward trend, with a possibility of pullback support in the short term, and the market is leaning towards fluctuation. Therefore, it is recommended to short at high points and long at low points. Support below is at 2890-2920, and resistance above is at the 3020 level.
7.14 Short-term Reference for Ethereum:
Lower test entry point 3015-3055, stop loss at 3180, target below 2980,
Upper test entry point 2905-2855, stop loss 30 points, target above 2940,
The article may be delayed in sending, and the strategy suggestions are for reference only. The market changes rapidly, and no matter how high your judgment of the market is, always set stop-loss and take-profit levels. 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. focusing on analyzing 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 views, the article may be delayed in sending, risks are self-borne, manage your positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, move forward together, and 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. Keep it up!
—— This article is written by Mr. Coin, plagiarism is refused, and original work is respected!
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