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

12.12 Bitcoin Market Analysis Reference

Bitcoin's price has once again retraced during the day, and the short-term trend remains weak and volatile. The previous gains are being given back, but the key support level of 89000 has not been broken. The short-term oscillation pattern will not change. On the daily chart, the price is operating in the middle track area, and the market has entered a consolidation phase. However, the key support in the middle track has not been broken, and the short-term trend is in consolidation.

On the 4-hour level, a hammer candlestick with a long lower shadow has appeared, indicating strong support around 89000. However, the daily chart has recorded three consecutive bearish candles, forming a descending three-method pattern. In terms of technical indicators, the MACD is below the zero line on both the 4-hour and daily levels, with the fast and slow lines in a dead cross state and the histogram continuing to expand. Additionally, the price has fallen below the 7, 30, and 120-period EMA moving averages, with multiple moving averages showing a bearish arrangement. In the future, focus on the support around 88800; it is not recommended to chase shorts before it breaks. It is suggested to think in terms of high shorts and low longs. The upper resistance to watch is the 92000-92500 area, while the lower support to watch is 88500-89000.

12.12 Bitcoin Short-term Trading Strategy Reference:

Short entry point 92300-9300, stop loss at 95500, target below 91500,

Long entry point 88300-87300, stop loss 500, target above 89500,

12.12 Ethereum Short-term Strategy Reference:

Short entry point 3295-3245, stop loss 30 points, target below 3190,

Long entry point 3081-3031, stop loss 30 points, target above 3180,

There may be delays in sending articles, and 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 gains.

For more real-time trades daily, you can follow the public account (Mr. Coin Talks About Coins) to get updates. You can also learn technical analysis online, 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. to primarily analyze and guide 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, articles may be delayed in sending, risks are self-borne, and it is important to manage 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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