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 should learn while trading, summarizing both profits 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.

9.10 Bitcoin (BTC) Market Analysis Reference

Bitcoin has once again retreated to the 111,000 level and rebounded, with the market starting to warm up. In the afternoon, it even broke through and slightly rose, but unfortunately, it did not further break and stabilize at the 113,000 level, preventing the increase from continuing. Currently, the price correction continues to maintain consolidation, with both bulls and bears in a stalemate in the short term. It is expected that the volatile market will continue for a while, so Mr. Coin advises all cryptocurrency friends to avoid aggressive and greedy operations.

Looking at the short-term hourly chart, the Bollinger Bands are in a converging position, with the market operating below the middle track. The current price is fluctuating around the 111,000 level, and the five-day and ten-day moving averages are flattening out, maintaining a wide range of fluctuations. In the MACD indicator: the 4-hour level DIF and DEA are showing a golden cross above the zero axis with a flat trend, so in the short term, we maintain a strategy of high short and low long. The upper resistance is at the 113,000 level, and the lower support is at the 110,000 level. Since Bitcoin has not rebounded and stabilized at the 113,000 position, the overall trend for the day is still leaning towards a downward direction, so be cautious of the price being pressured to drop again, with key support at the 109,500 level.

9.10 Bitcoin Short-term Reference:

Short entry point 111,500-112,500, stop loss at 114,200, target below 111,000,

Long entry point 110,000-109,000, stop loss 500, target above 111,000, with a stop loss at 107,000.

There may be delays in the article's release, and the strategy suggestions are for reference only. The market changes rapidly, and no matter how high your judgment of the market is, always set your take profit and stop loss. 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 people each day can receive free exit strategies.

For more real-time trades, you can follow my public account for 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 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 views, there may be delays in the article's release, and risks are to be borne by yourself. 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 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, refusing to plagiarize and respecting originality!

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