The essence of trading lies in the ability to find opportunities, plan before taking action, and strategize. 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, heavy losses caused by overexposure, locking positions, holding onto losing trades, and not using stop-loss orders. The root cause is often a lack of clear thinking, 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 carefully consider entry points and take a prudent approach. Prudent entry points allow for profitable exits and a safe retreat from the market.
July 10th Mr. Coin's Bitcoin (BTC) Market Analysis Reference:
Bitcoin continued its consolidation pattern from yesterday, with price fluctuations of less than a thousand points so far, currently running near 57900. Looking at the short-term hourly chart, the Bollinger Bands are slowly opening up, with the trend above the midline. The price fluctuates within the range of 56800 to 58300 during the day, forming a relatively stable oscillation range. The MACD is currently below the zero axis, and the DIF and DEA are approaching the zero axis. The focus for the day is on the breakthrough above, so our strategy can refer to yesterday's article, focusing on shorting at higher levels and longing at lower levels.
Short-term Reference: For more real-time single strategies, online technical learning, and unwinding, you can follow the mentor's official account (Mr. Coin) to get the method of adding: the top ten daily can receive free unwinding strategies.
For short positions, pay attention to the pressure above 58800. Opportunities to enter short positions can be found in the 58500-58800 rebound, with a defensive position at 59900 for additional shorting, a stop-loss at 60500, and a profit target in the 57300-56900 area. If 56500 is broken, holding can continue.
For long positions, first focus on 54500, lightly long, with a defensive position near 53600 for additional buying, a stop-loss near 52900.
July 10th Mr. Coin's Ethereum (ETH) Market Analysis Reference:
Ethereum's overall trend is inclined towards minor oscillations and adjustments. It has tested the 3100 line multiple times during the day, but has not been able to hold due to resistance from the upper Bollinger Band, which has once again limited the strength of the short-term rebound. Looking at the indicators, the dominance of the bears still prevails at the daily level. On the four-hour chart, the MA5 and MA10 lines are currently moving downward. Combining the TD and TD7 indicators with the hourly chart, the current trend is inclined towards minor oscillations and adjustments. The key support near 3000 is also a critical position for the recent long and short game. The focus for the day is on whether it can hold. If so, there will be opportunities for Ethereum to test higher levels. Conversely, if it falls below the key support at 3000, the trend will once again test the strong support at 2800. Therefore, the recommended approach is to focus on short-term high short positions, with long positions as a secondary consideration.
Short-term Reference:
Enter short positions near the 3100-3130 rebound, with a defensive position at 3230 for additional shorting, a stop-loss near 3270, and a profit target near 2960-2990. If 2960 is broken, continue holding.
Consider short-term long positions near the 2900 retracement, with a defensive position near 2780 for additional buying, a stop-loss at 2740, and a profit target near 2980.
The article is subject to delay, and the suggested strategies are for reference only. Market conditions change rapidly, so regardless of how confident you are in your market judgment, it is essential to set stop-loss and take-profit levels. For more real-time singles, follow the official account to learn about market technicals and unwinding. I have studied the market for many years, focusing on the major trends in the cryptocurrency market and providing analysis and guidance for BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are not familiar with trading, you are welcome to study and learn together.
This article is exclusively written and shared by Mr. Coin. It represents Mr. Coin's exclusive viewpoint. The article is subject to delay, and trading involves risks. It is important to control your positions reasonably and avoid heavy or full positions. Mr. Coin hopes that all fans and friends can achieve financial freedom and progress together. In the depths of time, grasp an understanding, and in investing, it is important to learn to be optimistic. Don't let the future you dislike the present you. We live in reality, but not every piece of data needs to be taken seriously. Let the past go, and let the future come quickly! Rest well, prepare yourself, and be ready at all times. Let's go!
—This article is written by Mr. Coin, and plagiarism is rejected. Respect originality!
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