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 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.
Mr. Coin's Cryptocurrency Market Analysis Reference for September 1st:
Bitcoin continues the consolidation from yesterday, with both bulls and bears showing signs of stalemate. The high point reached 109,480, where it faced pressure, and the upward momentum has weakened. Overall, the situation has improved, with prices finally stabilizing above 108,000, and the market has begun to enter a range phase. The focus going forward is on the resistance at the 110,000 level. If it can break through and stabilize, further upward movement is expected.
Looking at the short-term 4-hour chart, the Bollinger Bands are narrowing, and the price is slowly moving above the five-day moving average. However, the upward momentum is not strong, so it is not recommended to blindly chase long positions before breaking the key resistance above. Caution is advised as the market may face pressure and fall back again. The short-term market is showing a wide range of fluctuations, and there are no signs of breaking out, so the strategy should remain to sell high and buy low. The upper resistance to watch is the 110,000 area, while the lower support is at 108,000.
Market Analysis Reference for Bitcoin on September 1st:
Short position entry point in the 109,800-110,900 range, with a stop-loss at 112,500 and a target below 109,000.
Long position entry point in the 107,000-108,000 range, with a stop-loss at 105,500 and a target above 109,300.
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 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 official account of Mr. Coin (币圈币先生) to get the addition method: the first ten each day can receive free exit strategy advice.
For more real-time trades, you can follow my official account to access online market 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 a delay in sending the article, and risks are to be borne by the reader. Manage your positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to 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, prepare well, and be ready to set off at any time. Let's go!
—— This article is written by Mr. Coin, and we refuse to plagiarize and respect originality!
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
