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.

9.27 Bitcoin (BTC) Market Analysis Reference

Bitcoin's intraday market continues to show weak consolidation. From evening to early morning, the price tested upward around the 110,000 line but faced resistance. It has currently retraced to around the 109,000 position. The support at the 108,500 line below has not been broken, and the recent short-term rebound strength is still acceptable. Therefore, although the market is leaning downward, it is not advisable for everyone to blindly short before a break.

Looking at the short-term hourly chart, the wedge range is continuously compressing, with the highs slowly moving down. Currently, it has broken through various indicators, and the evening rebound is gradually being engulfed. The short-term trend shows weak fluctuations. If the support at the 108,500 line is broken, the market may further test downward. I hope all cryptocurrency friends are prepared. Pay attention to the 110,000 line above, and it is recommended to focus on shorting during rebounds.

9.27 Bitcoin Short-term Reference:

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

Long entry point 107,500-108,500, stop loss 500, defend at 105,000, target above 110,000.

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 trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for ways to add: the first ten each day can receive free exit strategies.

For more real-time trades daily, 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 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 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, 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 circle, no plagiarism, respect originality!

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