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 profits and losses in a timely manner to deepen their understanding of risks and to plan a correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

2.8 Mr. Coin in the Cryptocurrency World: Bitcoin (BTC) Market Analysis Reference

Bitcoin's intraday trend has retraced as expected, with the price rising to the hundred thousand mark under pressure. Currently, the trend is maintaining consolidation around the 96,200 level, with low trading volume in the short term and both bulls and bears in a stalemate. There are currently no signs of a breakout, and the market remains relatively weak. As of today, the fluctuation range has not been broken, and a pullback under pressure is anticipated.

From the short-term hourly chart, although last night's trend touched the middle track and rebounded, the upper track is slowly descending, and it ultimately failed to stabilize at the middle axis. Currently, the MACD is in the negative zone, and both the fast and slow lines are showing a downward crossover. The short-term market trend is weak, with EMA7 (96,417.7) below EMA30 (96,952.8), forming a death cross. Therefore, it is not recommended to blindly chase the rise before a breakout. A steady approach of shorting high and going long low is advisable. The upper resistance is in the 99,200 area, while the lower support is around 95,000. When reaching support or resistance, consider entering a trade.

2.8 Bitcoin Short-term Reference:

For more real-time trading strategies daily, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin in the Cryptocurrency World) for access. The first ten daily can receive free exit strategies.
Short position: Short at 99,000-98,500, with a stop loss at 100,600, and a target below 97,800.

Long position: Focus on the 96,000-95,500 range, with a stop loss at 94,000, and a target above 96,800.

2.8 Ethereum Short-term Reference:

Short position: Short at 2,820-2,760, with a stop loss at 2,950, and a target below 2,750.

Long position: Focus on the 2,590-2,540 range, with a stop loss of 50 points, and a target above 2,650.

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

Public account of Mr. Coin in the Cryptocurrency World: Mr. Coin in the Cryptocurrency World

For more real-time trades, you can follow my public account for online technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency world, 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 shared by Mr. Coin in the Cryptocurrency World and represents his unique views. There may be delays in sending the article, and risks are to be borne by the reader. Manage your positions reasonably when trading, 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. Keep it up!

—— This article is written by Mr. Coin in the Cryptocurrency World, no plagiarism allowed, respect originality!

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