Cryptocurrency trading is a long-term plan; it is not about achieving results 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 should learn while trading, summarizing both profits and losses in a timely manner to deepen their understanding of risks and develop the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

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

Yesterday, Bitcoin retraced to the 108,500 level, and bullish sentiment has somewhat warmed up. The price broke through the 110,000 mark as expected but faced pressure at the 110,500 level. Subsequently, the price continuously adjusted downward, and currently, the trend has returned to the area above 109,000, with short-term bullish sentiment temporarily weakened, and the market has entered a high-level consolidation again.

From the daily chart, although the price rebounded yesterday, the subsequent supply was insufficient, and the trend did not stabilize above 110,000. Currently, it is again retracing to the support below, with a low rebound at the 108,700 position. If the price cannot sustain a rebound and break through yesterday's high pressure, it is expected that high-level fluctuations and consolidations will continue for some time. The daily operation should maintain high short and low long positions.

From the short-term hourly chart, the Bollinger Bands are in an opening posture, with the price under pressure and adjusting in the middle to upper track area. The current price is fluctuating around 109,700. If it can break through and stabilize, the price is expected to return above 110,000. Conversely, if multiple attempts fail to form an effective breakthrough, it is expected that the price will retrace to the support area below.

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

7.4 Short-term Reference for Bitcoin:

Lower test entry point 111,500-110,500, stop loss at 113,500, target below 109,500,

Upper test entry point 108,500-107,200 long, stop loss 500, defend at 105,000, target above 108,000,

There may be delays in article transmission; 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, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for addition methods: 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 space, and have studied extensively in the U.S. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are not familiar with trading, I welcome you to study and learn together.

Exclusive views, there may be delays in article transmission, risks are self-borne, manage your positions reasonably, and avoid 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. Let's go!

—— This article is written by Mr. Coin, rejecting plagiarism and respecting originality!

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