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. 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 success rate. At the same time, investment is a process of growth. Mr. Coin suggests that everyone should learn while operating, 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 Analysis of Bitcoin (BTC) Market on 9.26

Bitcoin continued to consolidate within the day, and the trend did not break through the key resistance above. The current price has retraced to around 63,000. In the short term, pay attention to the support strength at the 62,600 level. If it breaks through, the price is expected to test the 62,000 level. Currently, the trend is in a phase of recovery and consolidation, with the short-term trend mainly characterized by wide fluctuations. After yesterday's major market sell-off, the market has entered a period of calm consolidation. Therefore, the strategy for the day is to look for suitable opportunities to go short at high levels and long at low levels. Furthermore, it is important to note that after this recent plunge, the market sentiment is heavily dominated by panic, and if a good rebound cannot be achieved, there is a possibility of a further downward trend. Therefore, all coin friends are advised to be prepared.

The rebound strength of Bitcoin has weakened, and the resistance in the short term is slowly being overcome. If it cannot break through the 63,800 resistance zone, the price is expected to decline. Currently, the trend has reached the support level of 63,000. The four-hour chart shows a continuous decline, indicating a strong bearish sentiment. Therefore, the recommended strategy for trading is to go short at high levels and long at low levels.

Short-term Reference for Bitcoin on 9.26: For more real-time trading strategies, online technical learning, and exiting from positions, please follow the public account of the mentor (Mr. Coin) to obtain the contact information: the first ten followers each day can receive free strategies for exiting from positions.

Long position: Go long in the 62,500-62,200 range, defend at 61,000, stop loss at 60,500, target above 63,000.

Short position: Go short in the 63,600-64,000 range, target below 62,900, defend at 65,300, stop loss at 300.

The transmission of the strategy may be delayed, and the suggested strategies are for reference only. The market is constantly changing, so no matter how accurate the judgment of the market trend is, it is essential to set stop-loss and take-profit levels. Safety comes first.

For more real-time trading strategies, please follow the public account under my name to obtain them. You can also learn about technical analysis of the market and exiting from positions online. I have been studying the market for many years, analyzing the major trends in the cryptocurrency market, and providing 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 transmission of the article may be delayed, and the risk is self-assumed. It is important to control the position reasonably when trading, and avoid overexposure or full exposure. 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, and plagiarism is rejected. Respect originality!

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