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 learn while trading, summarizing both gains and losses in a timely manner to deepen their understanding of risks and to plan a correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

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

Today, Bitcoin has risen to around 108,900 but faced resistance, followed by a rapid price correction. It has now fallen below the previous support level, but compared to yesterday, the market has shifted from strong to weak. Therefore, one should be cautious of a break below the 105,000 level, which could lead to further declines. At that time, the 105,000 support level will be crucial to watch. If it does not break, the market will still be in a wide range of fluctuations, and there is hope for a rebound. Conversely, if it breaks, there is a possibility of further downward testing, so all cryptocurrency friends should be prepared.

On the short-term hourly chart, the market has retraced to around 105,580 and is showing a rebound. Currently, the price is running near 106,300. In the 4-hour timeframe, there have been consecutive bearish candles, breaking below EMA7 (107,084) and EMA30 (108,133). The 1-hour level has formed a descending channel, with the latest K-line testing the integer support near 106,200. The previous high of 110,422 on the daily level has formed significant resistance, and the current price has fallen below EMA7 (107,769). MACD: In the 4-hour timeframe, DIF (-544) has crossed below DEA (-250), with both lines accelerating divergence below the zero axis. The 1-hour RSI (35) has not reached the oversold zone, while the 4-hour RSI (39) shows weak fluctuations. EMA: The price has fallen below all short-term moving averages (7/30/120). It is recommended to focus on short positions during rebounds and to consider long positions during corrections.

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 ways to add: The first ten each day can receive free exit strategies.

5.30 Bitcoin Short-term Reference:

Light short positions at 108,000-109,500, with a stop loss at 111,800, and a target below 107,000.

Long positions at 105,500-104,500, with a stop loss of 500, and a target above 106,500.

5.30 Ethereum Short-term Reference:

Short positions: 2735-2785, with a stop loss at 2850, and a target below 2650.

Long positions: 2600-2550, with a stop loss of 30 points, and a target above 2630.

There may be delays in article posting, and strategy suggestions are for reference only. The market changes rapidly, so 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 in the cryptocurrency circle) for ways to add: The first ten each day can receive free exit strategies.

For more real-time trading, 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 circle, and have studied in the U.S. multiple times, mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, etc. For those who are not familiar with trading, you are welcome to study and learn together.

Exclusive views, there may be delays in article posting, risks are self-borne, and it is important to manage your positions reasonably. Do not operate with heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to keep pushing. In the depths of time, hold onto understanding lightly. 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. Keep going!

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

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