Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. 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 advises all cryptocurrency friends to learn while trading, summarizing both gains 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.
9.12 Bitcoin (BTC) Market Analysis Reference
Yesterday, Bitcoin's market broke out and moved upward, continuing the previous gains, with bullish sentiment continuing to warm up. The intraday pullback has led to another rebound, and it has already broken through yesterday's high resistance, with the range slowly moving upward, and the market is returning to an upward trend. There is hope for further upward testing today, with a focus on the resistance at the 115000 level. If it breaks and stabilizes, there is a possibility of opening up space above.
The daily level trend is still in an upward pattern, and there are currently no obvious signals for a pullback. As the price continues to rise, the upper Bollinger Band is gradually opening up. As long as there is no significant pullback and the support at the 42400 level is not broken, the price is likely to test the 115000 level again. Therefore, it is recommended to take light positions and go long in the direction of the trend during pullbacks. Be sure to set stop-losses to prevent being trapped in high positions.
9.12 Bitcoin Short-term Reference:
Short position entry point 115500-114500, stop at 117200, stop-loss: 500, target below 113500.
Long position entry point 111000-111900, stop-loss 500, defend at 109000, target above 112500.
There may be delays in article posting, and strategy suggestions are for reference only. The market changes rapidly, and no matter how high your judgment of the market is, always set take-profit and stop-loss levels. 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 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 extensively in the U.S., 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 article posting, risks are self-borne, control your positions reasonably, and 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, 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, no plagiarism, respect originality!
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