Cryptocurrency trading is a long-term plan; it is not about achieving results 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.
12.7 Bitcoin Market Analysis Reference
Bitcoin's intraday rebound is relatively weak, with multiple upward attempts failing to break through the 90,000 resistance level. As the evening approaches, bullish sentiment weakens, and the market enters a corrective and fluctuating rhythm again. As of the time of writing, Bitcoin's current price is showing slight fluctuations around 89,750, overall under pressure. Recently, the candlestick pattern has shown alternating long upper and lower shadows, reflecting hesitant market sentiment, with both bulls and bears in a standoff.
From a technical indicator perspective, the MACD remains in the negative zone and continues to decline, indicating that downward pressure still exists in the short term. However, its trend has shown potential signs of turning positive. In the moving average system, the 7-day moving average is slightly below the 30-day moving average and maintains a downward divergence, indicating a continuation of weak short-term trends. At the same time, one should be cautious of potential moving average resistance during the rebound process.
It is worth noting that trading volume has significantly increased, and the focus will be on the stability of the 90,000 level. If it does not break and stabilize, the market is expected to continue its weak fluctuations, with short-term prices likely to test the 90,000 level. Prices may reach this level, so all cryptocurrency friends should prepare in advance. The short-term upper resistance is around the 90,500 level, followed by 91,000. In terms of operations, it is recommended to focus on short positions during rebounds.
12.7 Bitcoin Short-term Trading Strategy Reference:
Short entry point 90,300-91,300, stop loss at 93,500, target below 89,500.
Long entry point 87,300-88,300, stop loss at 500, target above 89,300.
12.7 Ethereum Short-term Strategy Reference:
Short entry point 3,065-3,115, stop loss at 30 points, target below 3,020.
Long entry point 2,981-2,931, stop loss at 30 points, target above 3,020.
The article may have a delay in sending, 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 to secure profits.
For more real-time trading strategies and online technical learning, as well as exit strategies, 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 strategy advice.
For more real-time trades, you can follow the public account (Mr. Coin Talks About Coins) to access 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. to primarily analyze and guide 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 opinions, the article may have a delay in sending, risks are self-borne, and it is important to manage 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 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, prepare well, and be ready to set off at any time. Let's go!
—— This article is written by Mr. Coin from the cryptocurrency circle, refusing plagiarism and respecting originality!
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