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 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 develop the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

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

The market continues to consolidate at a high level, with the current price returning to the area above 103,000. It has repeatedly tested upward but faced resistance and retracement around the 104,000 line. The market has once again entered a high-level consolidation, with both bulls and bears in a stalemate. The focus going forward will be on the breakthrough and stabilization of the 104,000 line. If the market can break through and stabilize again, the upper space will be further opened, and the price is expected to continue rising. If it breaks out, one can consider lightly entering a short position. Conversely, it will continue to consolidate, with a possibility of retracement support.

From the daily chart, the Bollinger Bands are still opening upwards, with the market operating in the upper band area. The daily MACD continues to rise, with both the fast and slow lines in the positive zone, and the MACD histogram gradually expanding. RSI: The daily RSI is around 75, in the overbought area, but there is no obvious divergence yet. EMA: The price is currently above EMA7, EMA30, and EMA120, and the moving averages are in a bullish arrangement. The short-term upward movement has faced multiple resistances and retracements, and the upward momentum is starting to weaken. However, the market trend is showing a volatile upward movement, and the coin price is maintaining a high level for repair. It is advisable for everyone to wait for a breakout or a retracement before entering. Recently, Bitcoin has experienced significant daily fluctuations, and Mr. Coin advises all cryptocurrency friends to manage risks reasonably and set stop-loss and take-profit levels. In terms of operations, it is recommended to focus on buying during retracements and selling at high levels.

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 access. The first ten people each day can receive free exit strategies.

5.10 Short-term Reference for Bitcoin:

Light short position at 104,300-105,300, with a stop-loss at 104,500, target below 102,000.

Long position at 102,000-101,000, with a stop-loss of 500, and a target above 102,500.

5.10 Short-term Reference for Ethereum:

Short position: 2,490-2,445, with a stop-loss at 2,570, target below 2,390.

Long position: 1,340-1,300, with a stop-loss of 30 points, target above 2,400.

There may be delays in article delivery, 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: Mr. Coin in the cryptocurrency circle. 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 access. The first ten people 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 extensively in the U.S. focusing on 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.

Exclusive opinions, there may be delays in article delivery, risks are self-borne, and it is important to manage positions reasonably. Do not operate with heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, move forward together, and 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, no plagiarism, respect originality!

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