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 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.
8.27 Bitcoin (BTC) Market Analysis Reference
Bitcoin maintained a downward trend overall yesterday, breaking the previous range of fluctuations, with the intraday low moving down to around 108,660. As of the time of writing, the price has risen slightly, running around 111,500. The daily chart still shows a weak consolidation, with the intraday fluctuation range continuously compressing. If it breaks below the short-term support of 110,000 again, it is expected that the market will retreat to the support level of 109,000. All cryptocurrency friends are advised to prepare accordingly.
On the short-term four-hour chart, the current price is rebounding close to the middle track resistance, but it has not broken upward again. If the rebound cannot continue, once the bullish momentum is exhausted, there is a risk that the intraday gains may be swallowed again. Although the price has rebounded, it has not broken through the resistance area, and the bullish strength is gradually weakening. Additionally, the five-day and ten-day moving averages are starting to flatten, and the MACD and Stoch indicators are showing weakened upward momentum, indicating a potential convergence. Therefore, it is expected that the weak oscillation pattern will continue, and there is still a risk of price retreating to the lower support. All cryptocurrency friends are advised to prepare accordingly.
8.27 Bitcoin Short-term Reference:
Short position entry point 112,500-113,500, stop loss at 118,500, take profit: below 113,500.
Long position entry point 107,000-108,000, stop loss at 500, defend at 105,000, target above 109,000.
8.27 Ethereum (ETH) Market Analysis Reference
Ethereum also experienced a rebound during the day, with the current price nearing the 4,600 level. The short-term volatility has begun to weaken, and the daily chart focuses on the resistance near the 4,630 middle track. If this rebound does not break and stabilize, there is a risk of a pullback in intraday gains. All cryptocurrency friends are advised to prepare in advance.
On the short-term hourly chart, a rebound has occurred during the day, recovering the losses from last night. The current trend is hovering near the middle track, with upward momentum starting to weaken. However, the Bollinger Bands are in a contracting posture. In the short term, both bulls and bears are in a stalemate, but the trend is characterized by slow rises and rapid declines, indicating a phase of oscillating downward movement. Therefore, our intraday strategy should focus on short positions during rebounds, with long positions as a supplement, and follow up with short positions if a breakout occurs.
8.27 Ethereum Short-term Reference:
Short position entry point 4,650-4,600, stop loss at 30 points, target below 4,550.
Long position entry point 4,450-4,401, stop loss at 30 points, target above 4,500.
There may be delays in sending articles, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgments, it is essential to manage take profit and stop loss effectively. For more real-time strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for access. The first ten people each day can receive free exit strategies.
For more real-time 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 cryptocurrencies. For those who are not familiar with trading, you are welcome to study and learn together.
Exclusive opinions, there may be delays in sending articles, risks are self-borne, and it is important to manage positions reasonably. 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, prepare well, and be ready to set off at any time. Let's go!
—— This article is written by Mr. Coin from the cryptocurrency community, no plagiarism, respect originality!
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