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.

12.4 Bitcoin Market Analysis Reference

Bitcoin continued its upward trend yesterday, stabilizing above the 90,000 area as expected. Currently, it has reached a high near 94,180, facing resistance, and the market has entered a high-level consolidation phase. In the short term, the daily chart shows an upward trend, and as long as the price does not fall below the 90,000 line during the intraday pullback, the expected increase will continue. From the recent 4-hour chart, several candlesticks have shown a high-level oscillation pattern, with prices fluctuating between 93,000 and 94,000. The current closing price of 93,904.99 is close to yesterday's high of 93,912.21, with some selling pressure above, and an effective breakthrough has not yet been formed.

In terms of technical indicators, the MACD's DIF line is above the DEA line and has just begun to expand, indicating that there is still room for short-term growth, but caution is needed for potential pullback risks due to heavy selling pressure above. Regarding moving averages, the EMA7 (92,762.24) and EMA30 (90,565.23) are both trending upward, providing recent support, while the EMA120 (92,010.92) is also steadily rising, laying a foundation for medium to long-term trends. It is recommended to focus on long positions during pullbacks, with support around the 90,000 area.

12.4 Bitcoin Short-term Trading Strategy Reference:

Short position entry point 94,300-95,300, stop loss at 97,500, target below 93,300.

Long position entry point 90,300-91,300, stop loss at 500, target above 88,500.

12.4 Ethereum Short-term Strategy Reference:

Short position entry point 3,265-3,315, stop loss at 30 points, target below 3,160.

Long position entry point 2,981-3,031, stop loss at 30 points, target above 3,100.

The article may be sent with a delay, 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 orders properly 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 extensively in the U.S. focusing on analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are unsure about trading, you are welcome to study and learn 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 each day can receive free exit strategies.

Exclusive opinions, the article may be sent with a delay, and risks are borne by the reader. 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 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, prepare diligently, 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 allowed, respect originality!

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