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 profits 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.

5.8 Mr. Coin in the Cryptocurrency Circle: Bitcoin (BTC) Market Analysis Reference

In the morning, Bitcoin's price faced resistance in its upward movement, and the market remains in a tug-of-war between bulls and bears. The upward momentum of the bulls has weakened, and in the afternoon to evening, the market slightly retraced to test short-term support, touching around 85700 at a low. Overall, the situation maintains a back-and-forth trading pattern throughout the day. Mr. Coin suggests that in terms of operations, one should short at high prices and long at low prices, and avoid being overly greedy while ensuring timely profit-taking.

Looking at the short-term 1-hour chart, the Bollinger Bands are slowly opening downwards, and the market has retraced to the 85700 line, showing a rebound. The current price fluctuates around 86000. From the daily chart, the overall market is in a wide range of fluctuations. If the price continues to rise and breaks through the previous high resistance area, the market is expected to further explore upward. Conversely, if it cannot break through this area, there is a high chance that the market will retrace to test lower support.

From the 4-hour chart, the MACD at the 4-hour level has formed a death cross. RSI: The 4-hour RSI hovers around 50, not entering the overbought or oversold areas. EMA: The price fluctuates near the 4-hour EMA7 (96252.97), with strong support from EMA30 (95587.31) and EMA120 (92851.59). There is a possibility of testing EMA30 during the day, indicating that if there are no significant news impacts in the short term, the market is expected to maintain a wide range of fluctuations. In terms of operations, it is recommended to short at high prices and long at low prices. The upper resistance to watch is 97500, followed by the first line, while the lower support to watch is near 94500, and then the daily Bollinger middle axis at 93700.

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

5.8 Bitcoin Short-term Reference:

Light short positions at 97500-98500, with a stop loss at 99500, target below 96500.

Long positions at 94000-95000, with a stop loss of 500, target above 95800.

5.8 Ethereum Short-term Reference:

Short positions: 1845-1885, with a stop loss at 1990, target below 1780.

Long positions: 1740-1780, with a stop loss of 30 points, target above 1810.

There may be delays in article sending, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in market judgments, 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 in the Cryptocurrency Circle) for ways to add: The first ten each day can receive free exit strategies.

For more real-time trading strategies, 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 circle, and have studied in the U.S. multiple times, mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are not familiar with trading, you are welcome to study and learn together.

In my opinion, there may be delays in article sending, and risks are to be borne by yourself. 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 pushing. In the depths of time, hold onto understanding lightly. 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, sharpen your skills, and be ready to set off at any time. Keep going!

—— This article is written by Mr. Coin in the Cryptocurrency Circle, refusing to plagiarize and respecting originality!

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