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.

11.29 Bitcoin Market Analysis Reference

Bitcoin maintained a rebound and tested a downward trend during the day, failing to stabilize above the 93000 resistance level, and then the price quickly retraced. It is currently near the 90000 position, and as of the time of writing, the price is running around 9700. The price has fallen from around 93000 to about 90100, forming a structure of consecutive lower highs and lower lows. The current price of 90661.57 is in a short-term consolidation phase. Although it has tested the support near 90000 multiple times, the short-term daily axis is under pressure, and selling pressure is significant, failing to form an effective breakthrough.

In terms of technical indicators, the MACD's DIF is hovering near the zero axis and gradually crossing below the DEA, with the histogram continuously contracting, indicating a weakening of upward momentum and the possibility of further downward adjustment. In the EMA system, EMA7 (91289.40) and EMA30 (91236.76) are in a bearish arrangement, showing signs of another downward test in the short term, while the EMA120 (89500) below will become a key support level. However, as long as the key support is not broken in the short term, the short-term pattern will not change. It is recommended to focus on short positions during rebounds.

11.29 Bitcoin Short-term Trading Strategy Reference:

Short position entry point 92500-93500, stop loss at 95500, target below 91500,

Long position entry point 88500-87500, stop loss at 500, defend at 84000, target above 89500,

11.29 Ethereum Short-term Strategy Reference:

Short position entry point 3060-3105, stop loss at 30 points, target below 3000,

Long position entry point 2881-2831, stop loss at 30 points, target above 2920,

There may be delays in sending the article, and the strategy suggestions are for reference only. The market changes rapidly, and no matter how high the judgment of the market is, stop-loss and take-profit must be well managed to secure profits.

For more real-time trades daily, you can follow the public account (Mr. Coin Talks About Coins) to get 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 in the U.S. multiple times, mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are not familiar with trading, you are welcome to study together. For more real-time trading strategies and online technical learning, you can follow the mentor's public account (Mr. Coin Talks About Coins) to get the addition method: the first ten people each day can receive free exit strategies.

Exclusive opinions, there may be delays in sending the article, and risks are borne by oneself. Reasonably control your position when trading, and 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 lightly. 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, refusing to plagiarize and respecting originality!

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