Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be overly anxious. Even if there are short-term losses, 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 advises all cryptocurrency friends to learn while trading, summarizing both profits and losses in a timely manner, deepening their understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

2.13 Mr. Coin's Cryptocurrency Market Analysis: Bitcoin (BTC)

After being pressured at the 98300 level the day before, Bitcoin quickly retraced. Yesterday, it failed to rebound and fell again, closing with a shadow on the daily chart. The current price has retraced to around 94100, and the intraday rebound is not strong. If it cannot break through the resistance above 98000, there is still a risk of further retracement. Please be prepared in advance.

On the short-term hourly chart, a rebound has occurred after touching the low near 94100. Currently, the middle band of the Bollinger Bands has been slightly broken, and the price is still operating in the middle band area, with the upper resistance continuously moving down. The current MACD is in the negative zone, with both fast and slow lines moving downward, indicating a weak short-term trend. Additionally, the lower band gap has not closed, so if the rebound shows weakness, the price may test lower again. The current trend remains weak and volatile, and the daily increase is being retraced. Therefore, Mr. Coin suggests a short position as the main strategy for short-term trading. The upper resistance is around 98000-98400, and the lower support is around 94000.

2.13 Short-term Reference for Bitcoin:

For more real-time trading strategies, online technical learning, and exit strategies, you can add the mentor's QQ/WeChat number: 924122998. The first ten each day can receive free exit strategies.
Short position: Sell at 97500-98000, defend at 99500, stop loss: 500, target below 96500.

Long position: Focus on the 93800-94300 range, defend at 92500, target above 95500.

2.13 Mr. Coin's Cryptocurrency Market Analysis: Ethereum (ETH)

Ethereum has also been linked to Bitcoin recently, and yesterday it similarly failed to rebound. The current trend is weak, with the price running around 2650. On the short-term chart, a rebound has occurred after touching the low near 2540, and the price is in a consolidation phase. However, the resistance above is slowly moving down. If the rebound cannot continue and the support at 2500 is broken, there is a possibility of further downward testing. Therefore, we can follow the trend with a short position if it breaks down, aiming for a profit of around 30 points. The trend is also weak, and the strategy for the intraday market similarly suggests a short position as the main focus, with upper resistance around 2700.

2.13 Short-term Reference for Ethereum:

For more real-time trading strategies, online technical learning, and exit strategies, you can add the mentor's QQ/WeChat number: 924122998. The first ten each day can receive free exit strategies.
Short position: Sell at 2720-2680, defend at 2850, stop loss: 2870, target below 2630.

Long position: Focus on the 2450-2480 range, stop loss 50 points, target above 2500.

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 your market judgment, always set take profit and stop loss levels to secure your gains.

Mr. Coin's WeChat Official Account: Mr. Coin in the Cryptocurrency Circle

For more real-time trades, you can follow my official account to get updates. You can also learn online about market techniques, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency circle, and have studied extensively in the U.S. to analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. 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 Circle and represents his unique viewpoint. There may be delays in sending the article, and risks are to be borne by the reader. Please 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. Keep it up!

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

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