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.

6.5 Mr. Coin's Analysis of Bitcoin (BTC) Market Trends

Yesterday, Bitcoin faced pressure as expected and entered a correction, with the price failing to break through the 106,000 mark and starting to decline. Bullish sentiment weakened, and the price approached the 100,000 mark. By the early morning opening, the price continued to decline, breaking through key support levels, and currently, it has shown a downward spike, rebounding only at the low of 100,300. The current price is around 102,000. In the short term, the market is experiencing significant fluctuations, and it is advised that all cryptocurrency friends manage their risks well.

From the daily chart, it can be seen that the daily candles have continuously closed in the red. After multiple attempts to break through the 60,000 mark, the market has entered a downward correction. As of now, the decline has reached over 5,000 points. Although there has been a rebound, there is significant resistance above, and all moving averages are showing a downward trend. If the price cannot stabilize and rebound above 103,000, there is a risk of further decline. The MACD and RSI indicators are also showing a downward reversal, indicating a bearish trend in the market.

On the short-term hourly chart, the Bollinger Bands are opening downwards, and the market is showing a strong downward trend. Although there has been a rebound, the upward movement is currently facing resistance, and the upper resistance is also moving downwards. The 4-hour chart shows a long lower shadow, with the 100,000 mark providing short-term support. The MACD shows a death cross below the zero line, but the green bars are starting to shorten. The daily RSI (14) is at 44.24, indicating a neutral area. The 1-hour level has rebounded from the oversold area to 38. The price has rebounded above the 4-hour EMA7 (103,104) but is under pressure from the EMA30 (104,609). The upper resistance to watch is 104,600, followed by 106,000, while the lower support is at the 100,000 mark.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for more information: the first ten daily followers can receive free exit strategies.

6.6 Short-term Reference for Bitcoin:

Short position: 105,800-104,500, stop loss at 106,800, target below 103,500.

Long position: 100,500-99,500, stop loss at 500, target above 101,500.

6.6 Short-term Reference for Ethereum:

Short position: 2,525-2,585, stop loss at 2,750, target below 2,580.

Long position: 2,405-2,355, stop loss at 30 points, target above 2,450.

The article may have delays in sending, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in your market judgment, 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) for more information: the first ten daily followers 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. to primarily analyze and guide 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, the article may have delays in sending, risks are self-borne, and it is important to control your position 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. 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 take action 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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