Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. Even if there are losses in the short term, 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 the understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

9.5 Bitcoin (BTC) Market Analysis Reference

The Bitcoin price has once again closed in the red on the daily chart, with the overall range slowly moving downwards. The intraday gains have been given back, and the current low is approaching the support level of 109300 from yesterday, but it has not broken downwards. The trend remains in a weak consolidation. If it breaks below the support of 109000, the short-term consolidation pattern will be disrupted, and the intraday low may further decline. Be aware that short-term market reversals can happen quickly, so it is essential to pay attention to risk control and profit management.

On the short-term four-hour chart, the trend is in a high-to-low correction. Yesterday's rebound did not break the daily Bollinger middle line resistance, and after touching the nearby area, it has once again corrected. The current price is operating at the 111200 level. The price rebounded in the morning, but the short-term trend is still weak, and the market is in a correction cycle. If it breaks below the intraday support level, there is a risk of further decline, so the intraday strategy remains to hold short positions on rebounds. Currently, focus on the resistance area of 112500.

9.5 Bitcoin Short-term Reference:

Short position entry point 112200-113200, stop loss at 115200, take profit target below 111500.

Long position entry point 110000-109000, stop loss at 500, defend at 107000, take profit target above 111000.

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 judgments, it is essential to manage take profit and stop loss effectively. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for access. The first ten daily followers 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 extensively in the U.S. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are unsure about trading, you are welcome to study and learn together.

Exclusive views, there may be delays in article posting, risks are self-borne, manage positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together and cheer each other on. 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 community, no plagiarism, respect originality!

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