Cryptocurrency trading is a long-term plan; it is not about immediate results, 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 suggests that all cryptocurrency friends learn while they operate, summarizing both gains and losses in a timely manner to deepen their understanding of risks and to plan a correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

12.8 Bitcoin Market Analysis Reference

The Bitcoin market reversed in the evening, breaking upwards through the long and short positions. In a short time, the daily increase was nearly 4,000 points, breaking through the resistance at the 90,000 mark, and bullish sentiment began to warm up. The daily trend has broken the previous weak oscillation rhythm, and the current price is operating above the 90,000 area. If it can stabilize above 90,000, the daily increase is expected to continue. Those who are cautious can wait for a stable opportunity to grasp a short-term long position.

From the daily chart, the trend ends with a bullish red candle, and the price rebounds, breaking through the daily mid-axis resistance, continuing to rise. The current price is above the five-day moving average, with a slight increase after breaking the previous level, but it has not further broken through. The price encountered resistance at the 91,300 level, leading to a slight pullback, indicating that there is still strong selling pressure in this area. If there is another rebound, there is still a risk of a pullback. Although there was a strong rebound during the day, the short-term volatility is large, and it has not stabilized at the 90,000 mark. The market remains stuck between long and short positions, oscillating around the 90,000 range. It is recommended to sell high and buy low.

12.8 Bitcoin Short-term Trading Strategy Reference:

Short position entry point 92,300-93,300, stop loss at 95,500, target below 90,1500.

Long position entry point 87,300-88,300, stop loss at 30 points, target above 89,300.

12.8 Ethereum Short-term Strategy Reference:

Short position entry point 3,185-3,125, stop loss at 30 points, target below 3,080.

Long position entry point 2,981-2,931, stop loss at 30 points, target above 3,020.

There may be delays in sending articles, and strategy suggestions are for reference only. The market changes rapidly; regardless of how confident you are in your market judgment, always set take-profit and stop-loss levels to secure your gains.

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 strategies for resolving positions.

For more real-time trades, you can follow the public account (Mr. Coin Talks About Coins) to access online market technical learning and position resolution. 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 unsure about trading, you are welcome to study and learn together.

Exclusive opinions, articles may be delayed, risks are self-borne, and it is important to manage your positions reasonably. Do not operate with 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, prepare well, 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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