Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. Even if there are losses in the short term, there is nothing to fear. As long as the subsequent direction is chosen correctly, what has been lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to improve the win rate. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends learn while trading, summarizing both gains and losses in a timely manner to deepen their understanding of risks and to plan the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

Mr. Coin's Cryptocurrency Market Analysis Reference for Bitcoin (BTC) on 12.24

Bitcoin's intraday trend maintains a weak oscillation, and one should be cautious of the price breaking below the key support level of 92000-91500, which could lead to further declines. The current trend is running as expected, with the price having plunged over a thousand points to around 92500, breaking the oscillation range and leaning towards a downward trend. Attention should be paid to the 92000 support; if it breaks, there is a possibility of a retracement back to the 90000 level, so one can seize short positions for profit again.

Looking at the short-term hourly chart, with this wave of breakdown and plunge, the MACD histogram remains negative and is gradually expanding, with both DIF and DEA diverging downwards, indicating an increase in bearish strength. On the daily level, the MACD also shows a death cross, further confirming the downward pressure. The price has fallen below EMA7, EMA30, and EMA120, remaining below the moving averages across all time frames, indicating a strong downward trend. Particularly in the 4-hour cycle, EMA7 has quickly crossed below other moving averages, suggesting there is still room for a pullback. It is recommended to focus on short positions during rebounds and to take light long positions during pullbacks.

Short-term Reference for Bitcoin on 12.24:

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the official account of Mr. Coin (币圈币先生) to get the addition method: the first ten each day can receive free exit strategies.

Long positions: Buy in the 90000-90500 range, with a stop-loss at 88500 and a target above 91000.

Short positions: Light short in the 94500-95000 range, targeting 500-1000 points, with a stop-loss at 96500 and a 500-point stop-loss.

Short-term Reference for Ethereum on 12.24:

Long positions: Buy in the 3080-3130 range, with a stop-loss at 2950 and a target above 3200.

Short positions: Short in the 3480-3430 range, with a 30-point stop-loss and a target of 50-100 points.

There may be delays in sending this article, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in your market judgment, always set your take-profit and stop-loss levels to secure your gains.

For more real-time trades, you can follow my official account to learn online about market techniques, exit strategies, etc. I have researched the market for many years, studying the major trends in cryptocurrency, and have studied extensively in the U.S. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

This article is exclusively written and shared by Mr. Coin, representing his unique views. There may be delays in sending the article, and risks are to be borne by the reader. Manage your positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to keep striving. In the depths of time, hold onto understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your present self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be the past, and let the future come quickly! Take good care of yourself, prepare well, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin, and we refuse to plagiarize and respect originality!

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