Mr. Coin in the Crypto Circle: Bitcoin (BTC) and Ethereum (ETH) latest market analysis and reference for today, including operational reference ideas.

CN
11 hours ago

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 increase 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, deepening their understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

7.28 Mr. Coin's Analysis Reference for Bitcoin (BTC)

After a slight consolidation yesterday, Bitcoin broke through resistance and moved towards the 119,000 level, with overall bullish sentiment beginning to warm up. Currently, there are two consecutive daily candles, and the market is leaning towards an upward trend. However, the upper space has not been opened, so the focus should be on the 120,000 resistance level. It is not advisable to blindly follow the trend until a breakthrough and stabilization occur.

From the short-term hourly chart, the current movement is in a corrective rhythm, with the market maintaining a high-level consolidation after a rise. It is currently operating around the 199,000 position, and the short-term Bollinger Bands are beginning to narrow. The focus should be on the support level of the middle line, providing an opportunity to enter long positions. If the subsequent trend can break through the 120,000 resistance level, the expected increase will continue, allowing for short-term gains with a take-profit target of around 300-800 points.

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 participants can receive free exit strategies.

7.28 Short-term Reference for Bitcoin:

Short position above 12, with a stop-loss at 122,800; target below 118,500.

Long position below 117,500, with a stop-loss of 500; target above 118,500, with a defense at 115,500.

7.28 Mr. Coin's Analysis Reference for Ethereum (ETH)

Ethereum has been performing well recently, with four consecutive daily candles, and the market continues to break upward. In the early hours of the day, it broke the previous high, reaching around 3,868, and the trend is approaching the upper band gap, with overall bullish sentiment being quite strong.

From the short-term hourly chart, the Bollinger Bands are opening up, and the price is continuously testing upward. It has now reached the upper band position, with all moving averages trending upward, and the MACD showing a golden cross. Therefore, it is expected that the short-term increase will continue. Additionally, Ethereum's price has been fluctuating at a high level recently, so everyone must seize the opportunity to take profits to avoid losses. The overall strategy for the day remains to buy on dips, with support levels at 3,800 and 3,740. Short-term attention should be on the breakout and stabilization at the 3,900 level. If it can rebound and stabilize, there is a probability of breaking through 4,000.

7.28 Short-term Reference for Ethereum:

Short position above 3,850, with a stop-loss of 30; target 30-60 points.

Long position below 3,745, with a stop-loss of 30 points; target above 3,780.

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 take-profit and stop-loss 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 cryptocurrency, 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 unsure about trading, you are welcome to study and learn together. 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 participants can receive free exit strategies.

Exclusive opinions, with potential delays in article delivery. Risks are self-borne, so 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, no plagiarism allowed, respect originality!

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