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 losses in the short term, 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 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.

9.7 Bitcoin (BTC) Market Analysis Reference

Bitcoin has entered a correction trend on the daily chart, with the intraday low approaching the 109850 level. On the hourly chart, the price is operating in the lower area of the Bollinger Bands. Although there has been a rebound, the upper resistance has not been broken, and the trend is relatively weak. The Bollinger Bands are opening downwards, and as time goes by, the upper resistance continues to move down. If the price cannot break and stabilize above the 111200 level in the short term, there is a possibility of a pullback to support. I hope all cryptocurrency friends are prepared in advance.

Our short-term strategy remains cautious, focusing on rebound short positions, with light positions following the breakout. The upper resistance to watch is around 111500, and the lower support is around 109500.

9.7 Bitcoin Short-Term Reference:

Short position entry point 111500-112500, stop loss at 114200, target below 111000.

Long position entry point 110000-109000, stop loss at 500, add to position at 107000, target above 111000.

There may be delays in article posting, and strategy suggestions are for reference only. The market changes rapidly; regardless of how confident you are in market judgments, always set stop-loss and take-profit levels. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for addition methods: 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 space, and have studied extensively in the U.S. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. I welcome those who are not familiar with trading to study and learn together.

Exclusive opinions, article posting may be delayed, risks are self-borne, and positions should be reasonably controlled. Do not operate with 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, prepare well, 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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