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 the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

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

Yesterday, Bitcoin's rebound was hindered, with prices pressured around the 102600 level. In the evening, the price experienced a strong pullback, with back-and-forth trading throughout the day. Fortunately, it did not break the previous low, continuing the downward trend. Due to the lack of a breakthrough at the key upper position, the market has been consolidating in a wide range at lower levels, but the upward momentum is weak. Caution is advised as the market may break down again.

From the daily chart, the trend shows four consecutive bearish candles, indicating strong bearish sentiment, and yesterday's long upper and lower shadows suggest significant selling pressure above. Currently, as the key support has not been broken, both bulls and bears are in a stalemate, maintaining a narrow range of fluctuations, but the overall downward trend remains unchanged. On the short-term hourly chart, the Bollinger Bands are narrowing, with the market operating near the middle band. The 4-hour chart indicates a potential short-term rebound, but the strength is not significant. Key resistance levels to watch are 103500 and 104800. If the subsequent rebound does not break through, there is a risk of a pullback under pressure, so all cryptocurrency friends should prepare in advance.

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 access. The first ten people each day can receive free exit strategies.

6.24 Bitcoin Short-term Reference:

Lower entry point 103000-104500, stop loss at 106500, target below 102000,

Upper entry point 99500-98500 long, stop loss 500, defend at 97000, target above 101000,

There may be delays in article delivery, and 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.

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 circle, and have studied extensively in the U.S. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

Every day, 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 access. The first ten people each day can receive free exit strategies.

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, 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 in the cryptocurrency circle, no plagiarism, respect for originality!

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