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 suggests that all cryptocurrency friends should learn while trading, summarizing both gains 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.

3.14 Mr. Coin's Analysis of Bitcoin (BTC) Market Trends

Bitcoin's intraday market continues the consolidation from yesterday, with prices testing upward resistance around 84,000 in the evening. Currently, it has retraced to near the 80,000 mark, where support has been slightly broken. However, the recent short-term rebound has been decent, so although the market is leaning downward, it is not advisable to blindly short before breaking key levels.

On the short-term hourly chart, the wedge pattern is continuously compressing, with the highs slowly descending. The recent candlesticks show a trend of oscillating downward, with prices fluctuating between 80,000 and 83,000 without forming a clear breakout. The MACD on the 4-hour level is in the negative zone, and the fast and slow lines show a death cross, indicating significant downward pressure in the short term. The MACD on the 1-hour level continues to weaken below the zero line, with no clear reversal signal yet. The 4-hour RSI is around 40, in a neutral to weak area. The 1-hour RSI hovers around 35, close to the oversold zone, but no divergence has formed. The price on the 4-hour level is operating below EMA7, EMA30, and EMA120, with moving averages in a bearish arrangement, suppressing price rebounds. After a brief rise above EMA7, the price fell back again, indicating significant short-term moving average pressure. The overall trend is still adjusting within the wedge pattern. It is recommended to focus on key support and resistance levels for short positions, with some long positions as a supplement.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for details: the first ten each day can receive free exit strategies.

3.14 Short-term Reference for Bitcoin:

Light short positions at 83,800-85,000, with a stop loss at 87,000, target below 82,000.

For long positions, pay attention to the situation of breaking 79,000 again, with long positions in the 79,000-80,000 range, stop loss at 77,000.

3.14 Short-term Reference for Ethereum:

Short positions at 1,950-2,000, with a stop loss at 2,180, target below 1,900.

For long positions, focus on the situation of breaking 1,800, with long positions in the 1,780-1,830 range, stop loss at 1,650, target above 1,890.

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

Mr. Coin's public account: For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for details: the first ten each day can receive free exit strategies.

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 space, and have studied extensively in the U.S. focusing on analyzing 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 and represents his unique views. There may be delays in sending articles, 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, moving forward together. 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, no plagiarism allowed, respect originality!

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