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

Mr. Coin's Cryptocurrency Market Analysis Reference for Bitcoin (BTC) on 5.24:

Bitcoin maintained a downward trend overall yesterday, breaking the previous high-level fluctuation range, with support moving down to around 107,000. The early morning trend continued to decline, and the current price is running around 108,500. The daily chart still shows a weak consolidation, with the intraday fluctuation range continuously compressing. If it breaks below the short-term support of 107,000 again, it is expected that the market will retreat to the support level of 103,000. It is recommended that all cryptocurrency friends prepare accordingly.

Looking at the short-term four-hour chart, the candlestick chart shows multiple consecutive bearish candles, but it has not broken down again. If the rebound does not continue, there is a risk that the previous gains may be swallowed up once the bullish momentum is exhausted. The price has a tendency to wash out, and the key support area has not been broken. A long upper shadow has appeared on the four-hour level, with significant selling pressure at the 110,000 mark. Short-term support is forming around 107,000, and the fast and slow lines on the four-hour and one-hour levels are widening their death cross. The daily red bars are shrinking, and the RSI shows a neutral zone at 51 on the four-hour level, while it is slightly bearish at 38 on the one-hour level but not oversold. The price has broken below the 7-day moving average (109,445), with support near the 30-day moving average (107,179). Therefore, it is expected that the weak consolidation pattern will continue, and there is still a risk of price retreating to lower support. The bullish strength is gradually weakening during the consolidation period. Overall, the focus for the day is on the bullish-bearish dividing line at 107,000. It is recommended to primarily short on rebounds and assist with longs on pullbacks.

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 daily participants can receive free exit strategies.

Short-term Reference for Bitcoin on 5.24:

Short position: Short in the range of 109,500-110,501, with a stop loss at 111,500 and a target below 108,500.

Long position: Pay attention to the breakout situation at 107,000. Lightly short in the range of 105,800-106,500, with a stop loss at 103,800.

Short-term Reference for Ethereum on 5.24:

Long position: Long in the range of 2,480-2,430, with a stop loss at 2,300.

Short position: Short in the range of 2,630-2,680, with a stop loss at 2,820 and a target below 2,530.

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 your market judgment, always set stop-loss and take-profit levels to secure your gains.

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 daily participants 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 space, and have studied extensively in the U.S. focusing on analyzing and guiding 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 perspective. There may be delays in article delivery, 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, 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 diligently, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin, and plagiarism is rejected; respect originality!

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。