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 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.
5.25 Cryptocurrency Mr. Coin: Bitcoin (BTC) Market Analysis Reference
Yesterday, Bitcoin's market surged and then retraced, with the upward momentum failing, leading to further weakness in the bulls. In the early hours of the day, there was a slight pullback, with the key support level being briefly broken. Currently, it has rebounded near the 106720 position, with the price around 107500. If it falls below the short-term support of 107000, there is a possibility of further retracement, so everyone should prepare in advance.
Looking at the short-term hourly chart, the price is hovering within a range, with consecutive bearish candles appearing on the 4-hour chart, dropping from 109506 to 107676, forming a short-term downtrend. The integer level of 107000 has been broken, turning that position into resistance. Yesterday's article also mentioned that this level is a key support level and a dividing line between bulls and bears. After the large bullish candle on May 22, there has been a continuous pullback, and it has not yet broken the previous low of 106725, forming a short-term consolidation structure. On the 4-hour chart, the DIF and DEA have formed a death cross above the zero axis, and the MACD histogram continues to expand negatively. The daily MACD double lines are still trending upward, but the red momentum bars are shortening. The 4-hour RSI (14) is hovering around the neutral area of 46.5, not entering the oversold zone. The daily RSI remains around 63, with no significant divergence. The 4-hour EMA7 (108253) has crossed below EMA30 (108173), forming a short-term bearish arrangement. The daily EMA120 (93444) remains steadily rising. Overall, the short-term market trend leans towards weakness, while the long-term trend leans towards upward. Today, we should still pay attention to the situation of breaking the key support below, operating with high shorts and low longs.
For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for the addition method: the first ten each day can receive free exit strategies.
5.25 Bitcoin Short-term Reference:
Light short position 109500-108500, stop loss at 111800, target below 103000,
Long position 105500-106500, stop loss 500, defend at 93500, target above 108000,
5.25 Ethereum Short-term Reference:
Short position: 2535-2555, stop loss at 2650, target below 2450,
Long position: 2400-2360, stop loss 30 points, target above 2450,
There may be delays in sending articles, and strategy suggestions are for reference only. The market changes rapidly, and no matter how high your judgment of the market is, 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 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 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 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, articles may be delayed, 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, prepare well, and be ready to set off at any time. Let's go!
—— This article is written by Mr. Coin, refusing plagiarism and respecting originality!
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