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 the understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

9.26 Bitcoin (BTC) Market Analysis Reference

The momentum of Bitcoin weakened yesterday, and the price quickly dipped during the day, with all subsequent gains being retraced. Currently, after breaking below the 110,000 level, it is expected to continue to decline. The daily chart shows a downward break, with the low approaching around 108,500. If this area is broken, it is expected to further break below the previous low, so all cryptocurrency friends should prepare in advance.

Looking at the short-term four-hour chart, the trend shows consecutive bearish candles, and as of the time of writing, the price is operating around 109,200. The short-term rebound strength is not strong, and if it cannot break through the 110,000 psychological barrier, the price is expected to continue to oscillate weakly. Therefore, the current trend does not recommend blindly chasing long positions, and caution should be taken against further price declines. The current trend is in a downward oscillation, and recent gains have been completely swallowed. Thus, it is recommended to focus on short positions during rebounds, with long positions as a supplement. The upper resistance levels to watch are 110,000 and 111,000, while the short-term support level to watch is around 118,500.

9.26 Bitcoin Short-term Reference:

Short position entry point: 111,300-110,300, stop loss at 113,800, target below 109,500.

Long position entry point: 107,500-108,500, stop loss at 500, target above 110,000, with a stop loss at 105,000.

There may be delays in the article's release, and the 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 levels properly. 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 people each day can receive free exit strategy advice.

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 cryptocurrencies. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

Exclusive opinions, with potential delays in article release, risks are self-borne. Manage your positions reasonably, and avoid 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 diligently, 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 allowed, respect originality!

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