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

12.1 Bitcoin Market Analysis Reference

On November 28, the People's Bank of China held a meeting to coordinate efforts to combat virtual currency trading speculation. The meeting emphasized that virtual currencies do not have the same legal status as legal tender, do not have legal compensation, and should not and cannot circulate as currency in the market. Activities related to virtual currencies are considered illegal financial activities. Stablecoins are a form of virtual currency that currently cannot effectively meet customer identity verification, anti-money laundering, and other requirements, posing risks of being used for money laundering, fundraising fraud, and illegal cross-border fund transfers. Many friends cannot understand what impact this has on the cryptocurrency market. From the central bank's perspective, anti-money laundering remains a priority, and the use of cryptocurrencies for money laundering will continue to be a focus of crackdown, as anti-money laundering has been the central bank's top priority this year. From the network perspective, the promotion and marketing of crypto-related businesses on the internet and social media may continue to be cleaned up and cracked down upon. From the public security perspective, illegal fundraising, fraud, and pyramid schemes are also current targets of crackdown. Additionally, cryptocurrency fraud will be a long-term focus of enforcement. However, normal buying and selling activities are not significantly affected, so there is no need for excessive worry.

Bitcoin is still maintaining a range consolidation overall, with a rebound after testing the 90,000 position during the day. Looking at the short-term hourly chart, the price fluctuation range is continuously compressing, and the current trend shows a stalemate between bullish and bearish forces. On one hand, although the daily level has formed lower shadow lines for three consecutive days, there is effective buying support near 90,000, indicating an initial short-term bottom structure; on the other hand, there is also significant pressure above, with a long upper shadow formed at the 91,626.75 high on the 2-hour level, and clear selling pressure near 92,000. More importantly, the 1-hour chart has initially formed a double top pattern around the 92,000 line, increasing the risk of a price pullback.

Technical indicators also confirm the weakening of bullish momentum: the 2-hour MACD's DIF is still above the DEA, but the histogram has significantly reduced to 9.05, while the EMA7 shows signs of crossing below the EMA30, indicating that short-term upward momentum is weakening. Focus on the breakout situation of the range, with particular attention to the support situation at the 90,000 line. A breakout could lead to further weakening of the market. In terms of operations, it is recommended to focus on short positions during rebounds.

12.1 Bitcoin Short-term Trading Strategy Reference:

Short position entry point 91,800-92,800, stop loss at 95,500, target below 91,300.

Long position entry point 88,500-87,500, stop loss at 500, add at 84,000, target above 89,500.

12.1 Ethereum Short-term Strategy Reference:

Short position entry point 3,060-3,105, stop loss at 30 points, target below 3,000.

Long position entry point 2,881-2,831, stop loss at 30 points, target above 2,920.

There may be delays in sending articles, 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 orders properly. Secure your profits, and for more real-time trading strategies daily, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin Talks About Coins) for access. The first ten daily can receive free exit strategies.

For more real-time trades daily, you can follow the public account (Mr. Coin Talks About Coins) for access. You can learn online about market techniques, 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. to provide analysis and guidance on 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, articles may have delays, risks are self-borne, manage 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 current 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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