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

1.12 Bitcoin Market Analysis Reference

Bitcoin's intraday rebound faced resistance, with prices under pressure near the 91200 line. As of the time of writing, the price has retraced to the consolidation area of yesterday, currently operating around the 90800 line. The intraday trend has not broken through the key upper position. From a daily perspective, after touching the low of 90451, the price rebounded to around 91200, forming a long lower shadow. The previous super long upper and lower shadow doji (range 89000-92000) also indicates fierce competition between bulls and bears in this area. On the hourly chart, after a spike to 91283 in the early hours of the 12th, it quickly fell back, forming a shooting star, and then entered a range-bound fluctuation, during which a bullish engulfing reversal pattern appeared (rising from 90708 to 91127).

From the indicators, the daily MACD's DIF (492) has crossed above the DEA (271), with the histogram continuing to expand. However, the hourly MACD value has fallen from 86.31 to 42.72, showing signs of convergence in the fast and slow lines. In the moving average system, the hourly EMA7 (90935) and EMA30 (90793) have formed a golden cross, and the price is stable above all moving averages. However, EMA120 (90964) is almost coinciding with the current price level, so caution is advised regarding its potential suppression or support conversion effect. Currently, as the key support at the 90000 line has not been broken, both bulls and bears are starting to become entangled. In the future, attention should still be paid to the breaking situation of the 90000 line. The market is still maintaining a narrow range of fluctuations, with the key support still focusing on the 89000 line.

1.12 Bitcoin Short-term Trading Strategy Reference:

Short position entry point 92500-91500, stop loss at 94800, target below 91000.

Long position entry point 88500-89500, stop loss 500, target above 90000.

1.12 Ethereum Short-term Strategy Reference:

Short position entry point 3165-3205, stop loss 30 points, target below 3100.

Long position entry point 2981-2931, stop loss 30 points, target above 3020.

There may be delays in article transmission, and strategy suggestions are for reference only. The market changes rapidly; regardless of how confident you are in market judgments, always set stop-loss and take-profit levels 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 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, article transmission may have delays, risks are self-borne, manage your positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, move forward together, and 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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