The cryptocurrency trading is a long-term plan, not a matter of overnight success, so there is no need to be too anxious. 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 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 also 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 Bitcoin (BTC) Market Analysis Reference on September 17th

The intraday market of Bitcoin showed a fluctuating downward trend, and the price also broke through a small range, but it failed to break through the support line at 57500 after multiple attempts. In the early morning, the price saw a small rebound after touching near 57500. The bullish sentiment is weak today, and the rebound strength is weakening again. If it falls below the support line at 57000, the downside space will open up again.

Looking at the daily chart, the trend has ended with three consecutive bearish candles. Yesterday's recovery also failed to break through and stabilize near 59000. The subsequent rebound began to weaken, and the temporary downward trend from yesterday has erupted again. Currently, the price is hovering near the Bollinger center line on the daily chart. If this range is effectively broken intraday, the price may test the 56000 support line, so be cautious of the price falling again.

Looking at the 4-hour chart in the short term, after the price was under pressure, it continued to move downward. The situation has entered a slow rise and fast fall rhythm, with the overall advantage of the bearish trend. The MACD fast and slow lines continue to diverge downward within the 4-hour period, and the EMA moving averages are above the price, showing a bearish trend. The 7-day and 30-day moving averages formed a death cross at 58800, providing resistance. The 4-hour candlestick chart shows multiple consecutive bearish candles, and the current rebound strength is not strong. Therefore, it is not recommended to blindly chase after long positions. Be cautious of the market retracing support, and the intraday operation suggests focusing on short positions for the rebound, with long positions as a supplement. Pay attention to the resistance at 58800 above and the support at 57000 below.

Short-term Reference for Bitcoin on September 17th: For more real-time single strategies, online technical learning, and exiting from positions, you can follow the public account of the mentor (Mr. Coin) to obtain the method of adding: the first ten people every day can receive free strategies for exiting from positions.

Long position: Long in the range of 56000-56400, defend against filling at 55000, stop loss of 300 points, target above 58000.

Long position: Long in the range of 55100-55400, target above 56500, stop loss of 300 points.

Short position: Short in the range of 58400-58900, target below 57500, defend against filling at 59800, stop loss at 60200.

Short-term Reference for Ethereum on the evening of September 17th: For more real-time single strategies, online technical learning, and exiting from positions, you can follow the public account of the mentor (Mr. Coin) to obtain the method of adding: the first ten people every day can receive free strategies for exiting from positions.

Short position: Short in the range of 2310-2341, defend against filling at 2460, stop loss: 2480, target below 2250.

Long position: Pay attention to the situation after breaking through 2200 in the range of 2130-2100, stop loss of 50 points, target above 2220.

There is a delay in the article delivery, and the strategy suggestions are for reference only. The market changes rapidly. No matter how high the judgment of the market is, it is important to set stop-loss and take-profit levels. More real-time single strategies can be obtained by following the public account of the author's name, where you can also learn about technical analysis of the market and exiting from positions. The author has studied the market for many years, analyzed the major trends in the cryptocurrency market, and provided guidance on 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, representing Mr. Coin's exclusive viewpoint. There is a delay in the article delivery, and the risk is self-assumed. It is important to control the position 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 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. Let the past go, and let the future come faster! Rest well, prepare yourself, and be ready at any time. Let's go!

• This article is written by Mr. Coin, refusing to plagiarize, and respecting originality!

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