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 profits and losses in a timely manner, deepening the understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

9.4 Bitcoin (BTC) Market Analysis Reference

Bitcoin continued to rise during the day, facing pressure near the high of 112,500. The upward movement did not break again, and the current trend has entered a correction phase, with prices around 116,500. The overall trend is in a consolidation phase, and prices are expected to break out and rise again. All cryptocurrency friends should prepare in advance.

From the short-term hourly chart, the short-term pullback is not strong, but the five-day and ten-day moving averages are gradually flattening, with prices hovering nearby and no signs of breaking. Therefore, all long positions should not be followed for now, and one should be cautious of subsequent pressure testing support, which could lead to unnecessary positions. The main idea remains long positions, with support to watch around 110,500 and 110,000, and resistance to focus on around 112,700.

9.4 Bitcoin Short-term Reference:

Short position entry point 112,500-113,500, stop loss at 115,500, target below 111,500.

Long position entry point 110,000-111,000, stop loss at 500, target above 111,500, with defense at 108,000.

There may be delays in article posting, and 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 effectively. For more real-time strategies and online technical learning, follow the mentor's public account (Mr. Coin in the cryptocurrency circle) for addition methods: the first ten each day can receive free strategies for position liquidation.

For more real-time strategies daily, you can follow my public account for online market technical learning and position liquidation. I have researched the market for many years, studying the major trends in the cryptocurrency circle, and have studied in the U.S. multiple times, mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

Exclusive views, there may be delays in article posting, and risks are borne by oneself. Manage positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to 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, prepare well, and be ready to set off at any time. Keep it up!

—— This article is written by Mr. Coin in the cryptocurrency circle, no plagiarism, respect originality!

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