Cryptocurrency trading is a long-term plan; it is not about immediate results, 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.
7.13 Mr. Coin's Analysis Reference for Bitcoin (BTC)
The bullish sentiment for Bitcoin is weak today, with the upward price momentum diminishing. The market has entered a high-level consolidation after a pullback, rebounding near the low level around 116870. Subsequently, it faced resistance around 118200. Currently, the price is running around 117500, with both bulls and bears in a stalemate. It is expected that the oscillating market will continue for some time. The upward momentum has come to a halt. Although there was some upward movement from the opening high, there has been no significant breakthrough in the overall trend, and it has slightly pulled back into high-level consolidation.
On the daily chart, yesterday's doji candlestick closed, with the coin price fluctuating around the upper axis. The bullish sentiment has temporarily eased. However, if the price cannot break below the 116000 level during the pullback, the market will still lean towards upward movement. But due to insufficient supply, there is resistance around 118200 at high levels. In the short term, the upward momentum is weakening, but the overall direction remains unchanged. The short-term trend is in a corrective adjustment phase. A prudent approach for daily operations is to buy on the pullback. If the upward movement breaks through, one can choose to enter with a light position to capture short-term profits.
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.
7.13 Short-term Reference for Bitcoin:
Lower test entry point: 119500-118500, stop loss: 500, target below 118000.
Upper test entry point: 116500-115500 long, stop loss: 500, defend at 114000, target above 117500.
7.13 Mr. Coin's Analysis Reference for Ethereum (ETH)
After a slight pullback yesterday, Ethereum's price has been testing upward continuously, with resistance and a pullback occurring near the high level around 3010. Today, it rebounded near the low level around 2902. Overall, the upward momentum has weakened, and the subsequent attack has not achieved further breakthroughs. Currently, the price is running around 2940, with the market entering high-level consolidation. If it breaks through, there is still room for further upward movement. Mr. Coin suggests that all cryptocurrency friends should prepare in advance.
On the short-term hourly chart, the Bollinger Bands are narrowing, and the market is running in the area above the middle track. Due to price resistance, both bulls and bears have entered an adjustment phase again, with the trend running along the five-day attack line. The MACD and Stoch indicators show signs of flattening, so it is expected that the daily oscillating market will continue for some time. The upper resistance is at 3015-3040, and the lower support is around 2900.
7.13 Short-term Reference for Ethereum:
Lower test entry point: 3015-3055, stop loss: 50, target below 2980.
Upper test entry point: 2905-2855, stop loss: 30 points, target above 2940.
The article may have delays in sending, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgment, stop-loss and take-profit measures must be in place. 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 coins. 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 positions 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 set off at any time. Let's go!
—— This article is written by Mr. Coin, plagiarism is refused, and original work is respected!
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