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 Bitcoin (BTC) Market Analysis Reference on 9.23

Bitcoin's price fluctuated repeatedly from yesterday morning to early this morning. The intraday price started a slow decline and rapid rise pattern. The price tested near 62430 several times but did not further test downward. After the test, there was a small rebound, forming a long lower shadow on the daily chart, temporarily relieving the upward momentum, and the market is still in a range-bound consolidation. The rebound touched near the 63300 level. If there is no breakthrough above the 63800 resistance in the intraday, once the trend turns negative again today, there is a risk of further decline. Mr. Coin suggests that everyone should be prepared in advance.

On the short-term hourly chart, the trend is running in the upper-middle range, and the MACD histogram shows signs of divergence. The market is under pressure and entering a high-level consolidation range. Although the bullish sentiment is weak in the short term, there is a risk of a pullback. However, the current price is above the various EMA moving averages, showing a bullish arrangement. The key support of the middle track has not been broken, and the support is still slowly moving upward. The short-term trend is in a pressure range consolidation, so our strategy is to go long at high and short at low.

Bitcoin Short-term Reference on 9.23: For more real-time single strategies, online technical learning, and unwinding, you can follow the mentor's official account (Mr. Coin) to get the contact information: The first ten people every day can get free unwinding strategies.

Long position: Long in the 62500-62200 range, defend at 61000, stop loss at 60500, target above 63000.

Short position: Short in the 63600-64000 range, target below 62900, defend at 65300, stop loss at 300.

The strategy suggestions are for reference only, and the market situation changes rapidly. No matter how confident you are in judging the market, be sure to set your profit and stop loss. More real-time singles can be obtained by following the official account under my name, where you can also 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 studied and guided BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other currencies. 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. The article may be delayed in sending, and the risk is self-borne. Control your positions 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 move forward together. In the depths of time, hold onto understanding. In investment, one must 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 faster! Rest well, prepare yourself at any time, and keep going!

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

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