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 increase 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 gains and losses in a timely manner, deepening their understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.
5.27 Mr. Coin's Analysis of Bitcoin (BTC) Market Trends
Bitcoin experienced a high and then a pullback during the day, with prices rising to the 110400 position under pressure from evening to early morning. Currently, the trend is maintaining consolidation around the 109000 line, with low trading volume in the short term and both bulls and bears in a stalemate. There are currently no signs of a breakout, forming a high-level oscillation pattern.
Looking at the short-term hourly chart, a long upper shadow and increased volume have recently appeared, indicating strong selling pressure near 110000. The current price is testing support near the middle Bollinger band (108800). The previous low of 106500 is a key defensive level. On the daily level: after forming a hammer line on May 24, there have been three consecutive days of positive closes. EMA7 (108270) has crossed above EMA30 (102313), indicating a strengthening mid-term trend. MACD: The 4-hour DIF (359) is flat, and the histogram is shrinking; after the daily golden cross, the first appearance of a green histogram indicates a need to be cautious of a short-term pullback. RSI: The 4-hour RSI (54) has fallen from the overbought zone, while the daily RSI (66) remains in the strong zone, indicating that the trend has not been broken. EMA: The 1-hour EMA30 (109171) and EMA120 (108506) are in a bullish arrangement, with the price finding support at EMA30. The previously mentioned 107000 point is the dividing line between bulls and bears. Currently, the cryptocurrency price is still in a bullish sentiment, and the short-term high-level range is being repaired. The long-term trend still leans upward, and the daily trading suggestion is to short high and long low.
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.
5.27 Short-term Reference for Bitcoin:
Light short positions at 109500-110500, with a stop loss at 121800, target below 109000.
Long positions at 107500-106500, with a stop loss of 500, target above 108500.
5.27 Short-term Reference for Ethereum:
Short positions: 2635-2585, with a stop loss at 2750, target below 2550.
Long positions: 2500-2460, stop loss of 30 points, target above 2450.
There may be delays in sending articles, 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.
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 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. For those who are not familiar with trading, you are welcome to study and learn together.
Exclusive opinions, articles may be delayed in sending, risks are self-borne, and it is important to control positions reasonably. Do not operate with 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. Keep it up!
—— This article is written by Mr. Coin, and we refuse to plagiarize and respect originality!
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