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 should 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.

7.10 Mr. Coin's Cryptocurrency Market Analysis: Bitcoin (BTC)

Yesterday, Bitcoin's market broke out and moved upward, continuing the previous gains, with bullish sentiment warming up. The intraday pullback has led to another rebound, and it has already broken through yesterday's high resistance, with the market once again surpassing the 110,000 mark and returning to an upward trend. It has set a new historical high and is expected to further test upward today, with a focus on the 45,000 resistance level. If broken, there is a possibility of reaching the 46,000 position.

The daily chart is still in an upward pattern, and there are currently no clear signals for a pullback. As the price continues to rise, the upper Bollinger Band is gradually opening up. As long as there is no significant pullback that breaks below the 110,000 support level, the price is likely to continue rising, so it is recommended to trade in the direction of the trend and go long.

Regarding the current trading strategy for Bitcoin, the hourly chart can be focused on in the short term. Although the price is continuously rising, the momentum is still slightly insufficient, and there has been a pullback of over a thousand points, indicating that the trend is not entirely smooth. Therefore, we adopt a cautious approach, waiting for a pullback to enter long positions, or looking for opportunities to follow up after a breakout. For the former, pay attention to the 110,000 support level; if there is a pullback, it provides an opportunity to enter long positions. For the latter, focus on the 112,000 resistance level; if broken, follow the trend to enter long positions, with a take profit target of around 400-800 points.

7.10 Short-term Reference for Bitcoin:

Lower entry point 112,000-113,000, stop loss at 114,500, target below 111,000,

Upper entry point 110,500-109,500 long, stop loss 500, defend at 108,000, target above 111,000,

7.10 Mr. Coin's Cryptocurrency Market Analysis: Ethereum (ETH)

Ethereum's price has been influenced by the overall market, continuously testing upward since early morning, breaking through the 2,700 resistance level and reaching around 2,795 before pulling back. The short-term trend has slightly retreated into consolidation, with a focus on the 2,700 support level. As long as the price does not break below this area during the pullback, it is highly likely that the market will continue to rise after the adjustment, with the price expected to approach the 2,800 level.

The daily chart shows consecutive bullish candles, with strong bullish sentiment and no reversal signals appearing. The trend is continuously testing upward near the upper band. As long as the price does not break below the 2,800 level during the pullback, the expected increase will likely continue. Given the recent significant rise in Ethereum, it is recommended to trade in the direction of the trend. The short-term support level to watch is 2,700. It is suggested to focus on long positions during pullbacks.

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 daily followers can receive free exit strategies.

7.10 Short-term Reference for Ethereum:

Lower entry point 2,820-2,775, stop loss at 2,980, target below 2,750,

Upper entry point 2,655-2,705, stop loss 30 points, target above 2,745,

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 your market judgment, 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 access. 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., mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are unsure about trading, you are welcome to study and learn together.

Exclusive opinions, there may be delays in article delivery, risks are self-borne, and it is important to manage your positions reasonably. 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. Keep it up!

—— This article is written by Mr. Coin, and we refuse to plagiarize and respect originality!

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