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 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.

9.18 Bitcoin (BTC) Market Analysis Reference

Bitcoin reached a high of 117,266 yesterday and underwent a strong correction. During the day, following the Federal Reserve's announcement, the market experienced a sharp drop, with prices falling over 2,000 points. The situation improved only when it approached the support level around 114,620. Currently, the price is rebounding and operating around 116,000, with the trend in a slight consolidation phase. The focus will be on the resistance level around 117,000; until it breaks and stabilizes, the expected volatile market will continue for some time.

From the short-term hourly chart, the Bollinger Bands are slowly narrowing, and the price is running near the middle band, with both bulls and bears in a stalemate. There are signs of sideways movement in the short term, and the market lacks sufficient volume, so the short-term volatility is expected to continue. Our strategy is to go short at high points and long at low points. The upper resistance is around 117,500, while the lower support is around 114,500.

9.18 Bitcoin Short-term Reference:

Short position entry point 116,800-117,800, stop loss at 119,800, target below 115,500.

Long position entry point 114,800-113,800, stop loss at 500, defend at 111,000, target above 115,500.

There may be a delay in sending this 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 to secure profits.

For more real-time trades daily, you can follow my public account to gain insights. You can learn technical analysis online, find ways to exit 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. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are unsure about trading, you are welcome to study and learn together. For more real-time trading strategies and online technical learning, you can follow my mentor's public account (Mr. Coin in the cryptocurrency circle) to find out how to add. The first ten people each day can receive free strategies for exiting positions.

This is an exclusive viewpoint; there may be a delay in sending this article, and the risks are 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. 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 in the cryptocurrency circle, no plagiarism allowed, 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。