Cryptocurrency trading is a long-term plan; it is not about achieving results overnight, so one should not be overly anxious. 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 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.

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

Yesterday, Bitcoin retraced and then attacked again, with the price breaking through the resistance at 105,000 as expected, refreshing the previous high and reaching around 105,850 under pressure. In the afternoon, the price broke down and moved downward, and by the evening, the price continued to adjust, with bearish sentiment gradually strengthening. Fortunately, it did not fall below the 100,000 mark, touching around 100,600 and rebounding. Currently, the price is running around 102,000.

On the 4-hour chart, the recent price has rebounded after falling from the high of around 105,800 to the low of around 100,700, forming a clear retracement trend. The latest K-line closed near 102,000, with significant short-term volatility. As of now, the decline has reached over 3,000 points.

The MACD histogram on the 4-hour level remains negative, and both the fast and slow lines are in a downward trend. The MACD histogram on the 1-hour level is also negative, indicating weak short-term momentum. RSI: The 4-hour RSI is at 46.52, close to the neutral zone. The 1-hour RSI is at 33.89, close to the oversold area, which may suggest a demand for a rebound in the short term. EMA: The price on the 4-hour level has fallen below EMA7 (102,898.03) and EMA30 (102,195.56), and the price on the 1-hour level is also below EMA7 (102,383.79) and EMA30 (103,429.33). From the 4-hour chart, the overall trend is bearish, with a key focus on the resistance below 103,500. If it cannot effectively break through and stabilize, it is expected to retrace to around the 100,000 mark. In terms of operations, it is recommended to short on rebounds and go long on low retracements.

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

5.13 Short-term Reference for Bitcoin:

Light short positions at 103,500-104,500, with a stop loss at 105,500. Target below 103,800.

Long positions at 100,000-100,500, with a stop loss of 500, and a target above 102,500.

5.13 Short-term Reference for Ethereum:

Short positions at 2,570-2,535, with a stop loss at 2,850. Target below 2,490.

Long positions at 2,340-2,390, with a stop loss of 30 points, and a target above 2,460.

There may be delays in article posting; 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) 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. You can learn online about market techniques, 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., 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.

Exclusive opinions, there may be delays in article posting, and risks are self-borne. 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, sharpen your skills, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin in the cryptocurrency circle. No plagiarism, respect originality!

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