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 increase 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.
12.31 Bitcoin Market Analysis Reference
Bitcoin rebounded after testing the 86700 line yesterday, and the subsequent increase continued. The price rose to around 89000 during the day but faced resistance. On the 4-hour chart, after a long lower shadow bottoming near the 86750 low, it consecutively closed with bullish candles and successfully broke through the EMA30 (88025). Meanwhile, in the MACD indicator, the DIF has crossed above the DEA, forming a golden cross, and the histogram has turned from negative to positive, indicating a weakening of short-term pullbacks.
On the daily chart, there have been three consecutive days of candlesticks with long upper and lower shadows, indicating a short-term tug-of-war between bulls and bears, but the closing price remains above the 88000 integer level. The daily MACD is still below the zero axis, but the green histogram continues to shrink. From the moving averages, the price has currently broken through the 4-hour EMA7 (88323) and EMA30, but there is strong resistance near the daily EMA120 (98697) up to the 90000 level. The trend continues in a wide oscillation pattern, but the short-term movement is quite volatile, with prices hovering within a two-thousand-point range. The short-term trend remains in a consolidation phase, but the pullback strength is not strong, and the support below has not been broken. Therefore, Mr. Coin advises all cryptocurrency friends to be prepared. The upper resistance is focused on the 90000 level, while the lower support is around 86600. The range to watch is 86000-89000, and it is recommended to operate within this range, taking short positions at highs and long positions at lows, primarily focusing on rebounds.
12.31 Bitcoin Short-term Trading Strategy Reference:
Short entry point 89800-98800, stop loss at 9200, target below 87500.
Long entry point 86300-85300, stop loss at 500, target above 87300.
12.31 Ethereum Short-term Strategy Reference:
Short entry point 3075-3025 lightly, stop loss at 30 points, target below 2980.
Long entry point 2881-2931, stop loss at 30 points, target above 2960.
The article is sent with a delay, and the strategy suggestions are for reference only. The market changes rapidly, and no matter how high the confidence in market judgment is, it is essential to manage take-profit and stop-loss effectively to secure profits.
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 strategies.
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 primarily analyze and guide 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 opinions, the article is sent with a delay, risks are self-borne, manage 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!
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。
