Cryptocurrency trading is a long-term plan, not something that can be rushed. Therefore, one should not 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. What is 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 success rate. Investment is also a process of growth. Mr. Coin suggests that everyone should learn and operate at the same time, and timely self-reflection on gains and losses is necessary to deepen the understanding of risks and to plan with the correct mindset. This is the only way to reasonably avoid risks and become a qualified investor.

Mr. Coin's Bitcoin (BTC) Market Analysis Reference on September 24th

Bitcoin maintained a rebound and fell back yesterday. The previous range has been broken, and the high has moved to around 64745. The early morning trend continues to pull back, and the current price has pulled back to around 63000. The daily trend is still in consolidation, and the intraday range is continuously expanding. If it breaks below the short-term support at 62500 again, it is expected that the market will continue to retreat. Mr. Coin suggests that everyone should be prepared.

Looking at the short-term four-hour chart, the price has fallen below the middle support, but has not broken down again. If the rebound does not continue for a long time and the bullish energy is exhausted, there is a risk of a further pullback. Although the price has rebounded, it has not broken through the suppression area, and the bullish momentum is gradually weakening. In addition, the five-day and ten-day moving averages are starting to flatten out. The MACD and Stoch lines on the attached chart are showing signs of weakening. Therefore, it is expected that the weak oscillation pattern will continue, and there is a risk of a pullback to the support level in the intraday price. Mr. Coin hopes that everyone will be prepared.

Short-term Bitcoin Reference on September 24th: For more real-time trading strategies, online technical learning, and exiting from positions, you can follow the mentor's official account (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 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 changes rapidly. No matter how accurate the judgment of the market is, it is essential to set stop-loss and take-profit levels. More real-time trading strategies can be obtained by following the official account to learn about market technical analysis and exiting from positions. I have 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. It represents Mr. Coin's exclusive viewpoint. The article may be delayed, and the risk is at your own discretion. 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 together and move forward 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. 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 Mr. Coin. Refusing to plagiarize, respecting originality!

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