Cryptocurrency trading is a long-term plan; it is not about achieving results 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 to plan a correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

Mr. Coin's Cryptocurrency Market Analysis Reference for Ethereum (ETH) on September 1st:

Although Ethereum showed a rebound during the day, the key resistance at 4530 has not been broken, and the upper space has not opened up. Therefore, the current price is under pressure and has re-entered a consolidation phase. In the short term, both bulls and bears are gradually in a stalemate, and the price fluctuation range is continuously compressing. The short-term view indicates that the oscillating market will continue for a while.

From the short-term 4-hour chart, the Bollinger Bands are in a contracting posture, with the market operating above the middle band. The 4-hour chart shows that the recent price has been oscillating in the 4430-4490 range, with a long bullish candle appearing at 08:00 on August 31, breaking the previous high of 4488 before pulling back. On the daily chart, a small double bottom structure formed from August 28 to 30, with support zones at the lows of 4257 and 4335, currently in a rebound phase. MACD: The 4-hour level shows a golden cross between DIF and DEA but is close to the zero axis (latest -13.92/-30.99), indicating weakened short-term momentum; the daily MACD green bars are narrowing (143.61/193.27), and the medium-term trend has not yet reversed. EMA: The 4-hour EMA7 (4451) > EMA30 (4439) > EMA120 (4384), indicating a bullish arrangement, but the price is closely adhering to EMA7; the daily EMA7 (4462) has crossed above EMA30 (4259), forming short-term support. A slight adjustment under pressure is seen in the short term. Although the upward trend is beginning to weaken and the Bollinger Bands are gradually contracting, the market is leaning towards oscillation in the short term, with a focus on high positions and low buys. The upper resistance levels to watch are 4500 and 4530, with support around 4380.

Short-term Reference for Ethereum on September 1st:

For long positions in the 4535-4585 range, defend at 4780, stop loss: 30 points, target below 4450.

For short positions in the 4420-4370 range, defend at 4300, target above 4500.

There may be a delay in sending the article; 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 and online technical learning, as well as solutions for exiting positions, you can follow the public account of Mr. Coin (币圈币先生) to get the addition method: the first ten each day can receive free solutions for exiting positions.

For more real-time trades daily, you can follow my public account to access online market technical learning, solutions for exiting positions, 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. For those who are unsure about trading, you are welcome to study and learn together.

This article is exclusively shared by Mr. Coin and represents his unique views. There may be delays 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, moving forward together and cheering each other on. 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!

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