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. The lost will eventually return. However, it is important to grasp 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 everyone should learn while operating, summarize the gains and losses in a timely manner, deepen their understanding of risks, and plan with the correct mindset in order to reasonably avoid risks and become a qualified investor.

Mr. Coin's BTC (Bitcoin) Market Analysis Reference on September 8th:

Recently, Bitcoin has experienced a sharp turn, breaking through multiple supports with a total decline of nearly 6000 points. It approached the 52500 level at the low point before rebounding. The situation improved slightly yesterday, with a slight warming of the bullish sentiment and a slow upward movement in price. However, the overall downward trend has not dissipated. Currently, the price is running near 54000. The key focus is on the resistance zone of 54400-55000. If it can break through and stabilize within the day, there is a possibility of continued bullish sentiment. On the contrary, there is a possibility of a retracement support within the day.

On the short-term hourly chart, the Bollinger Bands are in a tightening posture, with the price maintaining a position below the middle track. However, the subsequent supply has appeared to be insufficient, and the price has not further tested upwards. The market has shown signs of pressure. The MACD remains negative on the 4-hour period, with both the fast and slow lines diverging downwards. The RSI is also relatively low, and the EMA moving averages are showing a downward trend. The current price is below all EMAs, indicating an overall weak trend.

On the daily chart, the KDJ indicator showed a false golden cross in the low repair market yesterday. The MACD continues to trend downwards, indicating a strong bearish sentiment. Although the market rebounded near the 52500 level, the upper resistance has not been broken, and there is a downward trend in resistance. If a strong rebound cannot occur within the day, there is still a possibility of pressure in the market. The overall trend is still maintaining a oscillating downward movement, but there is a slight warming of bullish sentiment within the day. Therefore, it is recommended to focus on short positions in the rebound.

Short-term Reference for BTC on September 8th: For more real-time single strategies, online technical learning, and unwinding, please follow the mentor's official account (Mr. Coin) to obtain the method of adding: The first ten people each day can obtain unwinding strategies free of charge.

Long position: Long in the range of 51000-50500, with a target above 52500.

Short position: Short in the range of 54500-54800, with defense at 56500 and stop loss at 56800. The target is below 53500.

Second short position: Short in the range of 55600-56000, with a target below 53500 and stop loss as above.

Short-term Reference for ETH (Ethereum) on September 8th: Short position: Short in the range of 2320-2351, with defense at 2450 and stop loss at 2480. The target is below 2240.

Long position: Pay attention to the breakthrough of 2080, in the range of 2000-2040, with a stop loss of 50 points and a target above 2140.

There is a delay in the article delivery, and the strategy suggestions are for reference only. The market changes rapidly. Regardless of how high the judgment of the market is, it is important to set stop-loss and take-profit levels. More real-time singles can be obtained by following the mentor's official account to learn about online market technicals and unwinding. I have studied the market for many years, analyzed the major trends in the cryptocurrency market, and have repeatedly studied and guided BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other currencies. 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 Mr. Coin, representing Mr. Coin's exclusive viewpoint. There is a delay in the article delivery. Risk is self-borne. Control the position reasonably when trading, and do not over-allocate or go all in. Mr. Coin hopes that all fans and friends can achieve financial freedom and progress together. In the depths of time, grasp an understanding. In investment, one must learn to be optimistic. 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 after it is revealed. 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, refusing to plagiarize, and respecting originality!

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