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 suggests that all cryptocurrency friends learn while trading, summarizing both profits 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.

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

Bitcoin experienced a strong pullback in the morning, with prices dropping over a thousand points, breaking below the short-term support of 109,000 and touching around 108,000. This shows the strength of this pullback. Overall, the trend remains weak, so we need to be cautious of prices breaking down further.

Looking at the short-term hourly chart, the Bollinger Bands are narrowing. The recent pullback of over a thousand points brought the price close to the middle support of the Bollinger Bands. A long upper shadow appeared on the daily chart, and after being blocked at 110,392, it quickly fell back to 108,235. There is heavy selling pressure above in the short term, and a continuous bearish structure has formed on the 4-hour chart. The EMA7 has formed a death cross with the price, indicating a weakening bullish sentiment. After breaking below the key level of 108,500 on the 1-hour chart, the price accelerated downward, testing the support at the key level of 108,000. MACD: The daily DIF (1389) has crossed below the DEA (1347), and the 4-hour MACD histogram has expanded with five consecutive green bars. EMA: The price has broken below the 4-hour EMA7 (109,026), and the 30-day moving average (107,809) has become a key support level. The short-term trend is under pressure and in a pullback, with upward momentum gradually weakening. It is expected that the pullback will continue, and we should focus on the strength of the EMA30 support. If the pullback continues to break down, the price is expected to decline further, and a short position can be followed, but be careful to secure profits. Conversely, if this rebound stabilizes above 108,000, further gains are expected, so all cryptocurrency friends should be prepared.

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

6.12 Short-term Reference for Bitcoin:

Lower entry point 109,800-109,500, defend at 111,800, stop loss: 500, target below 108,500.

Upper entry point 105,500-106,500 long, stop loss 500, defend at 104,500, target above 107,500.

6.12 Short-term Reference for Ethereum:

Lower entry point 2,825-2,855, defend at 2,950, stop loss: 50, target below 2,780.

Upper entry point 2,605-2,675, stop loss 30 points, target above 2,730.

There may be delays in sending articles, and strategy suggestions are for reference only. The market changes rapidly, and no matter how high your judgment of the market is, always set stop-loss and take-profit levels to secure your gains.

For more real-time trades, you can follow my public account for online technical learning, exit strategies, etc. I have studied the market for many years, focusing on the major trends in the cryptocurrency space, and have studied extensively in the U.S. to analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. Those who are not familiar with trading are welcome to study and learn together.

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

Exclusive opinions, there may be delays in sending articles, 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 striving. 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 going!

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

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