6.30 Mr. Coin: Bitcoin continues to consolidate within the range as scheduled, and Ethereum has not yet broken through the range. Suggestions for future market strategy operations.

CN
1 year ago

Mr. Coin's Message: The essence of trading lies in the ability to find opportunities, plan before taking action, strategize, and this has always been the key to Mr. Coin's success in the market. Many people fail due to chaotic operations, lack of planning, and most importantly, lack of a plan. Most losses are due to heavy positions, locking positions, holding onto losing trades, and not setting stop-loss orders. The root cause is the lack of a clear strategy, fear of missing out on market trends, following the wrong trades, following the crowd, and having a poor mindset, resulting in small gains and large losses. Therefore, it is important to think carefully before taking action. Only positions that have been carefully considered can be entered. Aggressive positions leave one in a dilemma between long and short, either catching the highest or lowest point, resulting in large price differences. Reluctance to set stop-loss orders can only lead to holding onto losing positions. Stable positions allow for profitable exits and timely exits.

The Bitcoin article yesterday also mentioned that today's trend is likely to oscillate within a certain range. Looking at the short-term 4-hour chart, the trend has not broken through the middle band's suppression, and the price is currently running near the middle band. Intraday short-term retracement to the 60000 level, fortunately, has not broken this level. Subsequently, the focus will be on the strength of this support. On the daily chart, pay attention to the upper pressure around 61260-61560, and the short-term trend is likely to maintain a wide oscillation, so our strategy is to go long at low levels and short at high levels within the range. For short positions, focus on the vicinity of 61260-61560, enter with a light position, add to the position at 61900, set a stop-loss at 62100, and take profit at 300-700 points. For long positions, focus on the vicinity of 60100-60400, enter with a light position, set a stop-loss at 59900, and take profit at 300-500 points.

Now, let's talk about Ethereum:

The bullish momentum of Ethereum has weakened within the day, and the short-term trend is in a weak consolidation phase. The upper short-term middle band is slowly moving down, and if the price cannot break through and stabilize above the 4-hour middle band, it is expected to continue to consolidate. In the near future, the focus will be on the 3410-3430 level of resistance. Before a breakthrough, the narrow range oscillation is expected to continue. Mr. Coin suggests that until the market becomes clear, small positions can be taken to grasp short-term long and short opportunities. Remember to set good take-profit and stop-loss levels. For short positions, focus on the area above 3420, and for long positions, focus on the area near 3330. Manage your profits and avoid being greedy, and prioritize securing your gains.

The strategy is for reference only, and the positions have a time limit. There is a delay in posting, so please refer to real-time market conditions for specifics. Once again, it is emphasized to manage risks well. No matter how confident you are in your judgment of future market trends, always set good take-profit and stop-loss levels!

This article is exclusively written by the senior analyst Mr. Coin. The author has been researching and investing in the financial market for many years, mainly analyzing and guiding operations in the BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV and other cryptocurrency contract and spot markets. 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 a large number of investment friends for his amiable and responsible character and decisive operations. If you need to know more about 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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