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 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 to deepen their understanding of risks and to plan the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

8.24 Bitcoin (BTC) Market Analysis Reference

Bitcoin's intraday market saw a pullback in the evening. Although bullish sentiment has shown signs of recovery, the price did not break through the resistance at 117,500 during the morning's upward movement. The upward momentum has gradually weakened, and after being blocked, the market entered a range consolidation. The overall market also returned to calm over the weekend.

From the short-term 4-hour chart, although the price has retraced, the overall coin price is still operating above the midline. The overall trend has not broken the intraday range consolidation. On the daily chart, Bitcoin's performance is weaker than Ethereum, and since the previous rebound did not effectively break through the daily midline resistance, the market will continue to oscillate within the previous wide range. Therefore, the subsequent strategy remains to maintain high short and low long positions.

8.24 Bitcoin Short-term Reference:

Short entry point 116,500-117,500, stop loss at 119,500, target below 115,500.

Long entry point 114,200-113,200, stop loss at 500, defend at 111,000, target above 115,000.

There may be delays in the article's release, 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 ways to add: the first ten each day can receive free exit strategy advice.

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. to primarily analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are unsure about trading, you are welcome to study and learn together.

Exclusive views, there may be delays in the article's release, and risks are to be borne by oneself. Manage positions reasonably and avoid 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, sharpen your skills, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin from the cryptocurrency community, no plagiarism, respect originality!

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