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 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.

5.18 Cryptocurrency Mr. Coin: Bitcoin (BTC) Market Analysis Reference

After facing upward pressure yesterday, Bitcoin's market has retraced and entered a range consolidation, with little subsequent fluctuation and weakened upward momentum. The price has retreated to support as expected. Currently, the trend has touched around 102500 and is showing a rebound. Short-term support has shifted slightly lower, but the consolidation pattern has not changed, so the current strategy remains to trade high on the range and low on the dips.

From the short-term hourly chart, the Bollinger Bands are currently narrowing, with both bulls and bears in a stalemate. The price is hovering within the range, showing no signs of breaking out, so we can capture range profits in the short term. The upper resistance is at 104000, and the lower support is at 102000. Note that the short-term market is quite volatile, so try to control risks when trading. If key levels are not broken, it is not recommended for cryptocurrency friends to follow with heavy positions. Light positions can be used to capture range profits.

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 the addition method: the first ten each day can receive free exit strategies.

5.18 Bitcoin Short-term Reference:

Light short position at 104000-105000, with a stop loss at 106800, target below 103000.

Long position at 101000-102000, with a stop loss of 500, and a defense at 99500, target above 103000.

5.18 Ethereum Short-term Reference:

Short position at 2505-2555, with a stop loss at 2650, target below 2450.

Long position at 2400-2440, with a stop loss of 30 points, target above 2500.

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 the addition method: the first ten each day can receive free exit strategies.

For more real-time trades, you can follow my public account for online market 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 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 views, there may be delays in article sending, risks are self-borne, and it is important to control positions reasonably. Do not trade with 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. Let's go!

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

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