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.

9.24 Bitcoin (BTC) Market Analysis Reference

Bitcoin experienced an overall high and low trend yesterday, with a slight rebound continuing into the early hours of the day, followed by a pullback in the afternoon. The current price is around 111,700. The daily chart still maintains a weak consolidation pattern, with the rebound strength weakening. If it breaks below the short-term support of 111,000 again, it is expected that the market will pull back to the support level around 110,000. Mr. Coin advises all cryptocurrency friends to be prepared.

Looking at the short-term four-hour chart, the current price rebound has reached the resistance of the five-day and ten-day moving averages, but it has not broken upward again. A pullback has already occurred under pressure. If the rebound cannot continue for a long time, there is a risk of downward movement once the bullish momentum is exhausted. Although the price has rebounded during the day, it has not broken through the resistance area, and the bullish strength is gradually weakening. The MACD and Stoch indicators are showing reduced upward momentum, indicating a potential convergence. Therefore, it is expected that the weak oscillation pattern will continue, and there is still a risk of price pulling back to lower support. The strategy can focus on short positions, with long positions as a supplement. The lower support to watch is around 111,000, and the upper resistance to watch is around 113,000.

9.24 Bitcoin Short-term Reference:

Short position entry point 113,800-112,800, stop loss at 115,800, target below 112,000,

Long position entry point 111,500-110,000, stop loss at 500, defend at 109,000, target above 112,500,

There may be a delay in the article's release, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgment, it is essential to 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 strategy advice.

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 cryptocurrencies. For those who are not familiar with trading, you are welcome to study and learn together.

Exclusive views, there may be a delay in the article's release, and risks are to be borne by oneself. 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, prepare well, and be ready to set off at any time. Keep it up!

—— This article is written by Mr. Coin from the cryptocurrency community, no plagiarism, respect originality!

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