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.

9.16 Bitcoin (BTC) Market Analysis Reference

Bitcoin's market rose to around 116,600 yesterday and faced resistance, with the price retracing but not breaking below support, entering a wide-ranging fluctuation pattern. By the end of the day, the market slightly rebounded and broke through the 11,500 position, but the subsequent upward movement did not continue. On the hourly chart, the Bollinger Bands are in a contracting posture, and the short-term market remains in a stalemate between bulls and bears. It is expected that the fluctuation will continue for some time, so one should operate with high shorts and low longs. The support below is at the 114,000 level, while the resistance above is at the 116,500 area.

9.16 Bitcoin Short-term Reference:

Short entry point 116,300-117,300, stop loss at 119,200, target below 115,500,

Long entry point 114,500-113,500, stop loss 500, defend at 111,000, target above 115,000,

There may be delays in article posting, and strategy suggestions are for reference only. The market changes rapidly, so regardless of how confident one is in market judgment, 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 addition methods: the first ten each day can receive free exit strategies.

For more real-time trades, 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. focusing on analyzing 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, there may be delays in article posting, risks are self-borne, and it is important to control positions reasonably. Do not operate with 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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