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 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.

Mr. Coin's Cryptocurrency Market Analysis Reference for Bitcoin (BTC) on 8.18

After a slight rebound yesterday, Bitcoin's price broke through the weak consolidation phase. Unfortunately, it failed to further break through the 49,000 level to continue the upward trend. From evening to early morning, the price returned to around 1,175,000, with both bulls and bears in a stalemate. The price shows signs of stabilizing after a pullback. If it closes positively again during the day, there is hope for further rebounds. Key attention should be paid to the 118,500 level above; if it breaks and stabilizes, the consolidation pattern is expected to change. I hope all cryptocurrency friends are prepared.

Looking at the short-term four-hour chart, the current trend is still in a pullback rhythm, with prices adjusting. However, the five-day and ten-day moving averages are flattening out, and the MACD indicator is relatively stable. Additionally, the middle track support has not been broken, and support is continuously moving up, indicating the possibility of a pullback and upward movement. I hope everyone is prepared in advance. The overall trend is a pullback consolidation, so our strategy is to short high and long low, focusing on the 118,500 level above and the 116,500 level below.

Market Analysis Reference for Bitcoin on 8.18:

Short position entry point in the 118,500-119,801 range, with a stop loss at 121,000 and a stop loss of 500, targeting below 117,500.

Long position entry point in the 115,800-116,800 range, with a stop loss at 113,500 and a stop loss of 500 points, targeting above 117,700.

There may be delays in article posting; strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgment, it is essential to manage take-profit and stop-loss orders properly. For more real-time trading 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 trades, you can follow my public account for online market 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., mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

This article is exclusively shared by Mr. Coin and represents his unique perspective. There may be delays in posting, and risks are borne by the reader. Manage your positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to keep striving. 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, and we refuse to plagiarize and respect originality!

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