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 probability of success. At the same time, investing is also a process of growth. Mr. Coin advises all cryptocurrency friends to learn while trading, summarizing both gains 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.

8.26 Bitcoin (BTC) Market Analysis Reference

Bitcoin continued its downward trend after opening yesterday, and as of the time of writing, it has broken the 110,000 level, with prices continuously declining. The daily chart has shown three consecutive bearish candles, and as long as the price rebounds without stabilizing above the 110,000 resistance, the probability of further decline is expected to increase. There is a possibility of a downward continuation in the trend, so it is advisable for cryptocurrency friends to prepare in advance.

Looking at the short-term hourly chart, the trend has shown consecutive bearish candles, and the Bollinger Bands are opening downwards, with prices continuously declining towards the lower band. Currently, bearish sentiment is quite strong. If the price cannot break through the five-day moving average resistance above in the short term, the downward trend is expected to continue. The intention to decline in the short term is quite clear, and the daily chart also shows signs of a pullback. The focus should be on the support area of the weekly midline; if it breaks, there will be significant downward space. Attention should be paid to the breakout or stabilization in this range. If it breaks, continue to maintain a short position on rebounds; conversely, if it stabilizes, focus on the consolidation range near the 110,000 level. Currently, the trend is weak, and it is prudent to maintain a short position on rebounds.

8.26 Bitcoin Short-term Reference:

Short entry point 112500-113500, stop loss 118500, target below 113500,

Long entry point 107000-108000, stop loss 500, target above 109000, stop loss 105000.

8.26 Ethereum (ETH) Market Analysis Reference

The daily chart of Ethereum has also shown a large bearish candle, breaking through multiple layers of support during the day, with prices continuously testing lower levels. It has now reached the 4350 level, breaking below the support level mentioned by Mr. Coin yesterday. If one wants to take a medium to long-term position, it is advisable to enter with a light position. However, for short-term trading, I personally still recommend shorting on rebounds, as following the breakout is more prudent.

Looking at the short-term hourly chart, after breaking down, Ethereum has shown strong pullback momentum. The four-hour chart has shown consecutive bearish candles breaking below the key level of 4400, forming a short-term downward channel. The daily chart has a long bearish candle engulfing the gains of the previous five days, forming a top reversal signal. On the hourly chart, a long lower shadow has tested support at 4334. MACD: The four-hour level DIF has crossed below DEA, forming a death cross, and the daily level red bars continue to expand. EMA: The price has broken below the key moving average cluster of EMA7 (4543) and EMA30 (4573) on the four-hour chart, indicating a trend of continued decline. Currently, the trend is leaning downwards, so Mr. Coin advises to primarily short in the direction of the trend. Pay close attention to the support at 4300; if it breaks below this level, one can follow the trend and short.

8.26 Ethereum Short-term Reference:

Short entry point 4550-4600, stop loss 30 points, target below 4800,

Long entry point 4250-4301, stop loss 30 points, target above 4350.

There may be delays in sending the article, 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 public account of the mentor (Mr. Coin in the cryptocurrency circle) to get 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 circle, and have studied in the U.S. multiple times, mainly analyzing and guiding 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 opinions, there may be delays in sending the article, and risks are borne by oneself. Manage positions reasonably and avoid 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 current 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 in the cryptocurrency circle, no plagiarism, respect for originality!

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