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 advises all cryptocurrency friends to learn while trading, summarizing both gains 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.

8.12 Bitcoin (BTC) Market Analysis Reference

Yesterday, Bitcoin's intraday market broke upward, surpassing the resistance at the 120,000 level, and the price followed suit. However, the subsequent bullish supply was insufficient, leading to a pullback and entering a high-level consolidation. The current price is running around the 118,800 position.

From the short-term 4-hour chart, the Bollinger Bands are opening upward, and the price is operating in the middle to upper band area. The short-term bulls and bears are alternating in strength, with the price maintaining consolidation near the five-day moving average, and the market is entering a volatile rhythm. The MACD in the attached chart shows a weakening upward momentum of the two lines crossing, while the RSI and Stoch indicators show a downward trend. This indicates that there is still a risk of a pullback in the subsequent market. Therefore, although the price has broken through the 120,000 mark, there has been no stabilization in the trend. It is advisable to operate cautiously and consider re-entering long positions, with support to watch at 118,000. If the price stabilizes, the increase is expected to continue.

8.12 Bitcoin Short-term Reference:

Short position entry point: 120,300-121,300, stop loss at 125,500, target below 119,500.

Long position entry point: 117,200-118,200, stop loss at 500, support at 116,000, target above 119,400.

8.12 Ethereum (ETH) Market Analysis Reference

Recently, Ethereum has faced multiple upward obstacles near 4,330, leading to a pullback and entering high-level consolidation. The current price is running around the 4,290 position. The overall upward trend has not changed, and the price has shown rebounds after multiple pullbacks, maintaining a volatile upward rhythm. Therefore, it is recommended to focus on long positions during pullbacks.

Short-term

From the hourly chart, the Bollinger Bands are opening upward. Although the upward rhythm is obstructed, the trend remains unchanged, and the middle band support is slowly moving up. As long as the subsequent pullback does not break this area, the short-term volatile upward pattern will not change.

8.12 Ethereum Short-term Reference:

Short position entry point: 4,330-4,380, stop loss at 30 points, target below 4,280. Long position entry point: 4,200-4,151, stop loss at 30 points, target above 4,300.

The article is sent with a delay, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how high the judgment of the market is, stop-loss and take-profit must be managed well. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for the addition method: the first ten each day can receive free exit strategies.

For more real-time trades, you can follow my public account for online market technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied in the U.S. multiple times, 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 views, the article is sent with a delay, risks are self-borne, and positions must be reasonably controlled. Do not operate with heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, move forward together, and 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 from the cryptocurrency circle, refusing to plagiarize and respecting originality!

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