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 advises all cryptocurrency friends to 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.

Mr. Coin's Cryptocurrency Market Analysis Reference for Bitcoin (BTC) on 5.31:

After being pressured at the 109,000 position the day before, Bitcoin quickly retraced. Yesterday, it failed to rebound and fell again, with the daily candlestick showing a shadow at the close. The current price has retraced to around 103,600, and the rebound strength during the day is not strong. Previous articles have repeatedly mentioned the risk of a pullback. If the market cannot break through the resistance above 106,000, there is still a risk of continued pullback. I hope everyone is prepared in advance.

Looking at the short-term hourly chart, there has been a rebound after touching the low near 103,600, but the upper mid-band resistance has not been broken. The trend is still operating in the middle-lower band area, and the upper resistance is continuously moving down. Meanwhile, the lower band gap has not been closed. If the rebound shows weakness, the trend is likely to refresh the low and test lower again. The 4-hour chart shows consecutive bearish candles, with the latest one having a lower shadow, indicating short-term support around 104,000. The daily chart has formed four consecutive bearish candles, breaking below the EMA7 moving average, showing a high-level pullback pattern. The monthly chart's long upper shadow highlights strong resistance above 110,000. MACD: The fast and slow lines on the 4-hour chart have formed a death cross below the zero axis, and the daily chart's red histogram is shrinking. The 4-hour RSI (14) is at 36.46, in a neutral to bearish area, while the daily RSI (14) is at 52.48, maintaining a trend support level. Currently, the trend remains weak and volatile, and the daily increase is retracting. Pay attention to the upper resistance around 106,300-107,500. Therefore, Mr. Coin suggests a short-term strategy focusing on short positions during rebounds.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for ways to add: The first ten each day can receive free exit strategies.

Short-term Reference for Bitcoin on 5.31:

Short position: Short in the 107,500-106,301 range, with a stop loss at 108,500, and a target below 104,500.

Long position: Pay attention to the breakout situation at 103,500, and try a light long in the 102,800-101,500 range, with a stop loss at 100,800.

Short-term Reference for Ethereum on 5.31:

Long position: Long in the 2,480-2,530 range, with a stop loss at 2,300, and a target above 2,560.

Short position: Short in the 2,730-2,680 range, with a stop loss at 2,820, and a target below 2,550.

There may be delays in sending articles, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how accurate your market judgment is, always set take-profit and stop-loss 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 ways to add: 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., mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are not familiar with trading, I welcome you to study and learn together.

This article is exclusively shared by Mr. Coin and represents his unique viewpoint. There may be delays in sending articles, 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, 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, and we refuse to plagiarize and 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。