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

Mr. Coin's Cryptocurrency Market Analysis Reference: 8.8 Bitcoin (BTC)

Bitcoin opened today continuing yesterday's upward trend. Last night, the market broke through the resistance at the 116,000 level, and the price broke out again, showing a slight rise. This wave of movement is similar to the previous day. As of the time of writing, the high point has reached around 117,600, with strong bullish sentiment in the short term. This wave has broken out again, and the increase is further extended. As mentioned in yesterday's article, if the 116,800 resistance area is broken again, the upward space will be further extended.

Currently, bullish sentiment is strong, and the conditions for price breakout have been met, so there is still room for further increases. Therefore, it is recommended to focus on buying on dips. The short-term trend is fluctuating upward, and a stable approach is to buy on dips, with support at the 115,500 level. If there is a dip that provides an opportunity, consider entering long positions. Short-term resistance is around 118,500.

8.8 Bitcoin Market Analysis Reference:

Short position entry point in the 117,500-118,801 range, with a stop-loss at 119,000, and a target below 116,500.

Long position entry point in the 115,000-116,600 range, with a stop-loss at 113,500, and a target above 116,700.

Mr. Coin's Cryptocurrency Market Analysis Reference: 8.8 Ethereum (ETH)

Ethereum's rebound strength exceeds that of Bitcoin, successfully breaking through multiple layers of resistance and continuing to rise, returning to the area above 3,800. On the hourly chart, Ethereum has broken out and is moving upward again, with the upper Bollinger Band gap opened. The price is expected to further test upward, so all cryptocurrency friends should prepare in advance. In the short term, pay close attention to the support at the 3,780 level, which is the previous resistance level. As long as the dip does not break this area, the short-term upward trend will not change.

On the daily level, a double bottom structure formed from July 19 to August 4, and after breaking the neckline at 3,719, the measured increase reached the 3,935 area. On August 7, a large bullish candle appeared with a massive trading volume (133,038,770), but on August 8, it failed to continue rising and closed with a spinning top. The MACD on the daily chart diverged downward after a death cross above the zero axis, but the large bullish candle on August 7 caused the DIF to turn, showing a bottom divergence signal. The EMA7/30/120 is in a bullish arrangement (3,750 > 3,488 > 2,867), and the current price is above all EMA moving averages. It is advised to pursue long positions while being cautious about taking profits. Remember not to blindly chase after more positions at critical times to avoid unnecessary losses due to market reversals. It is recommended to focus on light short positions at high levels.

8.8 Ethereum Short-term Reference:

Short position entry point in the 3,945-3,995 range, with a stop-loss at 4,150, and a target below 3,850.

Long position entry point in the 3,765-3,825 range, with a stop-loss at 3,500, and a target above 3,880.

The article may be delayed in sending, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how high the judgment of the market is, always carry stop-loss and take-profit measures. For more real-time strategies and online technical learning, follow the mentor's public account (Mr. Coin) for ways to add: the first ten each day can receive free strategies for resolving positions.

For more real-time strategies daily, you can follow my public account for online technical learning, resolving positions, 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 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.

This article is exclusively shared by Mr. Coin and represents his unique views. The article may be delayed in sending, and risks are to be borne by the reader. Control your positions reasonably when trading, and do not operate with 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, sharpen your skills, 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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