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 losses in the short term, 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 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.

11.1 Bitcoin (BTC) Market Analysis Reference

Bitcoin experienced a strong washout in the early hours of the day, rebounding after touching a low of 116,200 yesterday morning. The subsequent market corrected and broke through the resistance at 110,000, and is currently rebounding in the 109,500 area. The day has seen a "roller coaster" market, with price fluctuations of several thousand points, making the price movements exceptionally intense. It is recommended that all cryptocurrency friends control their risks reasonably and avoid heavy positions.

On the short-term hourly chart, the Bollinger Bands are opening downwards. Although the price has retraced and rebounded by over 4,000 points, the trend is still operating in the middle-lower band area, and the upper middle band resistance is slowly moving downwards. The strength of the price rebound is gradually weakening, and the overall market trend for the day is still leaning downwards. Therefore, it is recommended to focus on short positions, but always set stop-loss and take-profit levels. The upper resistance levels to watch are around 111,500 and 112,500.

11.1 Bitcoin Short-term Reference:

Short entry point 111,500-112,500, stop-loss at 114,800, take-profit: below 111,500.

Long entry point 107,500-106,500, stop-loss at 500, defend at 104,000, target above 108,300.

There may be delays 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 judgments, stop-loss and take-profit must be set properly. 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 unsure about trading, you are welcome to study and learn together.

Exclusive opinions, there may be delays in the article's release, risks are self-borne, and positions should be controlled reasonably. 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. Let's go!

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