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.

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

Yesterday, Bitcoin's market saw a high and then a pullback in the early hours, with prices rebounding near the 120,000 mark under pressure, followed by a breakdown leading to a downward trend. Currently, it has pulled back to around 117,250, showing a rebound, and the overall market is maintaining a wide range of fluctuations, with the price operating around 118,300.

From the daily chart, the market has repeatedly rebounded but has not stabilized at the 120,000 level. The price breakdown indicates a further decline, with the 120,000 mark forming resistance above. If the market cannot show a strong rebound today, the price may continue to fluctuate widely.

On the short-term hourly chart, the Bollinger Bands are narrowing, and the price is pulling back in the middle-lower band area. The short-term trend is under pressure near 119,000. Although it has touched the 117,000 level and rebounded, long wicks frequently appear below, indicating strong support. If it cannot break through 119,000 in the short term, there is a possibility of a pullback to the 117,000 level. Therefore, it is not advisable to blindly chase long positions; caution is needed as the price may decline again. Resistance above is at 119,500 and 120,000, while support below is at the 117,000 level.

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

7.24 Short-term Reference for Bitcoin:

Lower test entry point 119,900 - 121,000, stop loss at 122,500, target below 119,000,

Upper test entry point 117,500 - 116,500 long, stop loss 500, defend at 114,500, target above 118,500,

7.24 Mr. Coin's Analysis of Ethereum (ETH) Market

Ethereum also saw a high and then a pullback yesterday, with subsequent upward movement being weak, and the price continuously breaking down. Currently, it has touched the 3,550 level and rebounded, but the short-term price increase has been blocked, and the pullback is strong, indicating a possibility of further decline today.

On the short-term four-hour chart, the trend has shown five consecutive bearish candles, and the market has broken down. The current rebound is blocked at the 3,600 mark, and the price is under pressure again, leading to a pullback. As time goes on, the Bollinger Bands are gradually opening, and the resistance above is slowly moving down. The overall market is showing a downward trend, so the strategy suggests focusing on short positions during rebounds and long positions during pullbacks. Resistance above is at 3,660, while support below is at 3,521.

7.24 Short-term Reference for Ethereum:

Lower test entry point: 3,750 - 3,680, stop loss 30, target 30-60 points,

Upper test entry point 3,531 - 3,485, stop loss 30 points, target above 3,590,

There may be a delay in sending the article, 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. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for ways to add: 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 cryptocurrencies. For those who are not familiar with trading, you are welcome to study and learn together.

Exclusive opinions, there may be a delay in sending the article, risks are self-borne, and it is important to manage your positions reasonably. Do not operate with heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, moving forward together. 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. Let's go!

—— This article is written by Mr. Coin, plagiarism is refused, and original content is respected!

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