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 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 develop the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

Mr. Coin's Cryptocurrency Market Analysis Reference for August 4: Bitcoin (BTC)

Yesterday, Bitcoin's market faced pressure and retraced, with prices continuously testing downward, breaking below the short-term support of 112,000, as expected, pulling back to around 111,850. The trend has started to weaken, so it is advised that long positions should not be entered blindly. The price rebounded to around 114,750 during the day but faced pressure, and the upward momentum was not strong. The market has entered a consolidation phase, but the overall trend remains weak, so caution is advised against further price declines.

Looking at the short-term four-hour chart, the market has shown a rebound, but the upward momentum is weak. The focus should be on the resistance around 115,000 and the middle track. If there is no breakthrough and stabilization during the day, the price is expected to pull back to the short-term support below. All cryptocurrency friends should prepare in advance. If the support at 113,000 is broken, the market is expected to move towards the 112,000 level, so one can follow the trend and enter short positions, aiming for a profit of 400-600 points.

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

Market Analysis Reference for August 4: Bitcoin

Short position entry point: 114,500-115,501 range, with a stop loss at 127,500, and a target below 113,500.

Long position entry point: 110,500-199,500 range, with a stop loss at 108,500, and a target above 111,000.

Mr. Coin's Cryptocurrency Market Analysis Reference for August 4: Ethereum (ETH)

Ethereum has recently shown a rebound, currently around the 3,500 level. The short-term rebound is starting to lose strength, with the upward trend pressure slowly moving downwards. The suggested strategy remains focused on short positions, with resistance around the 3,530 level. If the rebound does not break and stabilize in this area during the day, there is still a risk of a pullback.

The four-hour level shows a continuous decline with bearish candles. On August 2 at 04:00, a long lower shadow tested the low of 3,368 but failed to rebound. The daily level has formed a three consecutive bearish structure, with the closing price on August 3 breaking through the 3,400 level, confirming short-term bearish dominance. MACD: The four-hour level DIF and DEA remain below the zero axis, with the MACD histogram expanding to -49.72. After the daily golden cross failed, it has reopened downwards. EMA: The price has fallen below all EMAs (7/30/120), with 3,449 becoming a resistance level on the four-hour chart, and 3,557 being strong resistance on the daily chart. The operation still suggests focusing on short positions during rebounds.

Short-term Reference for Ethereum on August 4:

Long position entry point: 3,530-3,580 range, with a stop loss at 3,780, and a target below 3,480.

Short position entry point: 3,320-3,270 range, with a stop loss at 3,100, and a target above 3,400.

The article may have delays in sending, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgments, it is essential to manage take-profit and stop-loss levels properly. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for access. The first ten people 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., mainly analyzing and guiding 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.

This article is exclusively shared by Mr. Coin and represents his unique perspective. There may be delays in sending the article, and risks are to be borne by the reader. Manage positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, move forward together, and 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. Let's go!

—— This article is written by Mr. Coin, and plagiarism is refused; respect originality!

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