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 to deepen their understanding of risks and to plan the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

9.28 Bitcoin (BTC) Market Analysis Reference

Bitcoin's intraday rebound is not strong, with prices testing the resistance at the 110,000 level, followed by a pullback into consolidation. The current price is around 109,500. Looking at the short-term hourly chart, the Bollinger Bands are opening downwards, indicating a weak short-term trend. Therefore, it is not recommended to blindly chase the price upwards, and caution should be taken as prices may decline again.

The focus should still be on the support at the 108,000 level. If the pullback does not break below this level, the price is expected to rebound back into the previous trading range, with the range to watch being 108,000-110,500. Conversely, if it breaks below, the price may decline again, so a short position can be taken with a light position, aiming for a profit of around 400 points. For rebound short positions, attention should still be on the resistance near 110,500.

9.28 Bitcoin Short-term Reference:

Short position entry point 111,300-110,300, stop loss at 113,800, target below 109,500.

Long position entry point 107,500-108,500, stop loss at 500, defend at 105,000, target above 110,000.

There may be delays in article posting, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgments, stop-loss and take-profit measures must be in place. 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. focusing on analyzing 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, and it is important to control positions reasonably. 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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