Bitcoin
The current price of Bitcoin is running around 64100, and the short-term trend is expected to remain volatile. If it cannot break through the resistance above and stabilize, it is expected that the price will test the support area of 63000-63500 in the future. Coin friends are advised to prepare in advance. Pay attention to the breakthrough at 63500-63700. If the support is broken, you can try shorting and aim for a profit of 400-500 points. Currently, there is no wide-range oscillation, so it is advisable to go long at high levels and short at low levels.
ETH
Ethereum is currently running near 3470 without breaking through. The short-term trend is expected to remain weak and volatile, and a short-term pullback signal has been given. The subsequent trend is likely to retrace to the support level of 3400. Currently, the trend is weak and volatile, so our strategy is to go long at high levels and short at low levels. Pay attention to the resistance at 3530-3550 for short entry, with a stop loss of 30 points and a profit target below 3470. For long positions, focus on the support area of 3420-3400. If the support is broken, it is expected that the downward trend will continue, and a short position can be taken accordingly.
FIL
FIL has seen four consecutive declines on the daily chart, and bearish sentiment is gradually increasing, with the range continuously moving downwards. Currently, the support is around 4, and if it breaks through and stabilizes, there is a possibility of a pullback to the 4 level. Therefore, short positions can be taken if it breaks through. In the short term, pay attention to the resistance near 4.7, and take the opportunity to enter a short position, with a stop loss at 4.8.
BCH
Bitcoin Cash is currently running near 385.4, and the short-term key resistance at 389 has not been broken through. There is still a possibility of a downward trend, so it is advisable to go short in line with the trend. Pay attention to the resistance at 389-387 for short entry, with a stop loss at 390 and a profit target below 381. If it falls below the daily support at 381, consider lightly entering a short position to follow the downward trend.
Mr. Coin's Message:
The market is ever-changing, so it is recommended to have a psychological plan and set a key stop-loss below. Plan for risk and avoid relying on luck. No matter how many points you are stuck at, it can be resolved reasonably. Choose the appropriate entry point to make up for losses and turn passivity into proactivity. Stuck positions are dead, but the entry points are alive. Accurate methods to resolve stuck positions depend on specific entry points and market conditions. This is why you may have read millions of posts on resolving stuck positions but still don't know how to resolve them. Mastering the correct investment methods allows you to make money; otherwise, you are just relying on luck. The market never lacks investors, but those who make money are always the small group who know how to make money.
Strategies are for reference only, and entry points have a time limit. There may be delays in posting, so please refer to real-time market conditions. Once again, emphasize risk control. No matter how confident you are in judging future market trends, always set profit targets and stop losses!
This article is exclusively written by the senior analyst Mr. Coin. The author has been studying financial market investments for many years, mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV and other cryptocurrency contract spot operations. The mentor has a solid theoretical foundation and practical experience, excels in technical and fundamental analysis, emphasizes capital management and risk control, and has a stable and decisive operating style. He is recognized by the majority of investment friends for his easygoing and responsible personality and decisive operations. If you need to know more real-time investment strategies, trading techniques, operational skills, and candlestick knowledge, you can follow the mentor.
- This article is written by Mr. Coin in the cryptocurrency circle, refusing to plagiarize and respecting originality!
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