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 learn while trading, summarizing both gains and losses in a timely manner to deepen their understanding of risks and to plan the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.
6.3 Mr. Coin's Analysis of Bitcoin (BTC) Market Trends
The intraday price of Bitcoin has rebounded near the 1,035,000 line, and the current price has returned to around 1,058,000. The market is rebounding and entering a high-level consolidation, but the overall downtrend has not dissipated. If it does not continue to rebound and stabilize above the 1,063,000 mark, it is expected that the price will retreat to the support below the range, looking at a low position near 1,030,000.
From the hourly chart, the Bollinger Bands are in a contracting posture, with the market operating in the middle to upper band area. The upward momentum is beginning to weaken. Recently, a long lower shadow was formed on the 4-hour chart after testing the bottom at 1,036,59, quickly rebounding, indicating strong support near 1,035,000. The daily line has closed positively for three consecutive days and has broken through the 105,000 integer mark, forming a short-term upward channel. MACD: The 4-hour level DIF has crossed above DEA, forming a golden cross, while the daily MACD histogram has contracted and is expanding again. The 4-hour RSI (14) has risen from 40 to 51, and the daily RSI (54) remains above the middle band. The price is stable above EMA7 (104,841), and EMA7/30/120 shows a short-term bullish arrangement. Although the short-term situation is gradually improving, the key level above the range has not yet been broken. Only after breaking this level will there be a slight upward pull. Therefore, during the consolidation phase, the market is temporarily unclear, and I hope everyone waits for a breakout or a pullback to re-enter. Recently, Bitcoin has experienced significant intraday fluctuations. Mr. Coin initially advises all cryptocurrency friends to manage risks reasonably and set stop-loss and take-profit levels. In terms of operations, it is still advisable to trade lightly in high short and low long positions.
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.
6.3 Short-term Reference for Bitcoin:
Light short position at 105,800-107,000, with a stop-loss at 108,800, target below 104,000.
Long position at 103,500-102,500, with a stop-loss of 500, defense at 101,500, target above 104,500.
6.3 Short-term Reference for Ethereum:
Short position: 2,635-2,585, with a stop-loss at 2,750, target below 2,500.
Long position: 2,400-2,450, stop-loss of 30 points, target above 2,530.
There may be delays in article delivery; 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.
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, and other coins. For those who are not familiar with trading, you are welcome to study and learn together.
Exclusive views, there may be delays in article delivery, risks are self-borne, manage your positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, move forward together, and keep pushing. 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, sharpen your skills, and be ready to set off at any time. Let's go!
—— This article is written by Mr. Coin in the Cryptocurrency Circle, no plagiarism, respect originality!
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