The cryptocurrency trading is a long-term plan, not a matter of overnight success, so there should be no haste. Even if there is a short-term loss, there is nothing to fear as long as the subsequent direction is chosen correctly, as the lost will eventually return. However, it is important to pay attention to the timing of trading and the current market trends in order to increase the winning rate. At the same time, investment is a process of growth. Mr. Coin suggests that all coin friends should learn and operate at the same time, and timely summarize the gains and losses, deepen the understanding of risks, and plan the correct mindset, in order to reasonably avoid risks and become a qualified investor.
8.5 Coin Mr. in the Coin Circle: Bitcoin (BTC) Market Analysis Reference:
Bitcoin experienced a strong plunge in the evening, with the price dropping by more than 4,000 points, breaking through the short-term support at 60,000 and reaching a low of around 57,000 before rebounding. This indicates the strong intensity of this pullback. In addition, with the recent appearance of large bearish candles, from a technical indicator perspective, the MACD: the fast and slow lines are both below the zero axis, and the histogram has been negative for several days in a row.
In the recent downtrend, accompanied by a large amount of capital outflow, the reduced internal trading volume indicates that the current market sentiment is relatively pessimistic. Currently, the price rebound is running near 58,350, and the key focus in the future is the strength of the support at the 57,000 level. If the pullback continues to break through, the price is expected to decline. Therefore, friends who are trading in the near term must control their positions well. Those who cannot grasp it can trade lightly or wait and see.
Short-term reference: More real-time single strategies, online technical learning, and unwinding can be obtained by following the mentor's official account (Coin Mr. in the Coin Circle) to get the addition method: the first ten people each day can receive free unwinding strategies.
For short positions, pay attention to the stabilization situation around 60,000, and trade lightly in the 59,500-59,000 range. Defense: fill at 60,700, stop loss at 61,050, target below 58,000.
For long positions, pay attention to trading lightly near 55,500, stop loss at 55,000, target above 56,300.
There is a delay in the article delivery, and the strategy suggestions are for reference only. Please refer to real-time market conditions. The market changes rapidly. No matter how high the judgment of the market is, it is essential to set stop-loss and take-profit levels. More real-time singles can be obtained by following the official account under my name, where you can also learn about technical analysis of the market and unwinding. I have studied the market for many years, analyzed the major trends in the coin circle, and provided guidance on BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who do not know how to operate, you are welcome to study and learn together.
This article is exclusively written and shared by Coin Mr. in the Coin Circle, representing the exclusive views of Coin Mr. The article delivery is delayed, and the risk is self-borne. It is important to control the position reasonably when trading, and avoid heavy or full positions. Coin Mr. hopes that all fans and friends can achieve financial freedom, move forward together, and stay optimistic in investment. Do not let the future you dislike the present self. We live in reality, but not every piece of data needs to be taken seriously. Let the past go, and let the future come faster! Take good care of yourself, prepare yourself at any time, and keep going!
- This article is written by Coin Mr. in the Coin Circle, refusing to plagiarize, and respecting originality!
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