Cryptocurrency trading is a long-term plan; it is not about immediate results, 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 is 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.

12.24 Bitcoin Market Analysis Reference

After Bitcoin faced pressure around the 90,000 mark, the market has retraced to test support. The current price is around 87,500, with short-term resistance still focusing on the 90,000 level. Looking at the short-term hourly chart, the current trend is in a corrective phase, with the 4-hour chart showing consecutive bearish candles. The price has successively broken below the EMA7 and EMA30, and short-term bullish sentiment has weakened again.

On the daily chart, a typical "crow" bearish pattern has formed. The key support level of 87,200 is being tested repeatedly, and the price has broken below all key moving averages, including EMA7, EMA30, and EMA120, maintaining a weak short-term outlook. The momentum indicators are also weakening: the 4-hour MACD's DIF and DEA have formed a death cross below the zero line, and the gap continues to widen; the daily MACD histogram has also turned from positive to negative, indicating a continuation of weakness in the short term. It is recommended to focus on short positions during rebounds, with resistance above at the 90,000 line and support below at 85,500.

12.24 Bitcoin Short-term Trading Strategy Reference:

Short entry point 89,500-90,500, stop loss at 92,500, target below 88,500.

Long entry point 85,300-86,300, stop loss at 500, target above 87,300.

12.24 Ethereum Short-term Strategy Reference:

Short entry point 2,995-3,045, stop loss at 30 points, target below 2,950.

Long entry point 2,881-2,831, stop loss at 30 points, target above 2,930.

There may be delays in sending articles, and strategy suggestions are for reference only. The market changes rapidly; regardless of how accurate your market judgment is, always manage your take profit and stop loss properly to secure your gains.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin Talks About Coins) to get the addition method: the first ten each day can receive free exit strategy advice.

For more real-time trades, you can follow the public account (Mr. Coin Talks About Coins) to access 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. to provide analysis and guidance on 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, 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, 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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