Mr. Coin in the Crypto Circle 12.29: Bitcoin rebounds and rises sharply, can it break through and continue to rise? Today's latest market analysis of Bitcoin for reference, including operational reference ideas.

CN
4 hours ago

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 is 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 profits 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.

12.29 Bitcoin Market Analysis Reference

Bitcoin has rebounded after a pullback during the day, with bullish sentiment slightly warming up. The price is approaching the 90,000 line, breaking the two-day weekend consolidation. In the morning, bullish sentiment was relatively strong, and as of the time of writing, it is continuously testing upwards. Currently, the high is nearing the resistance area around 90,000. If it breaks and stabilizes above 90,000, the daily increase is expected to continue, so Mr. Coin suggests that everyone should prepare in advance. The 4-hour level shows consecutive bullish candles, about to break the key integer level of 90,000, indicating a strong upward structure. Meanwhile, at the daily level, after forming a double bottom pattern around 87,000, it has effectively broken through the neckline near 88,000 with increased trading volume.

From the indicator perspective, the 4-hour MACD's DIF line has crossed above the DEA line, forming a golden cross, and the histogram continues to expand. The daily MACD histogram has also turned from negative to positive, with the price firmly standing above several key moving averages, including EMA7 (88,295), EMA30 (87,915), and EMA120. The short-term moving average EMA7 has crossed above the mid-term moving average EMA30, showing a bullish arrangement in the moving average system, further supporting the continuation of the upward trend. In the future market, pay close attention to the stabilization of the 90,000 line. If it stabilizes, there is a possibility of continued upward movement, with resistance around 91,500 and support at 88,000. The operation should focus on shorting during rebounds.

12.29 Bitcoin Short-term Trading Strategy Reference:

Short entry point 92,500-91,500, stop loss at 94,500, target below 90,500.

Long entry point 88,300-87,300, stop loss at 500, target above 89,300.

12.29 Ethereum Short-term Strategy Reference:

Short entry point 3,065-3,125 lightly, stop loss 30 points, target below 3,000.

Long entry point 2,881-2,931, stop loss 30 points, target above 2,960.

There may be delays in sending articles, and strategy suggestions are for reference only. The market changes rapidly; no matter how high your judgment of the market is, always set stop-loss and take-profit 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 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 and learn together.

Exclusive opinions, articles may be delayed, risks are self-borne, manage your positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to keep striving. In the depths of time, hold onto understanding. 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 community, refusing plagiarism and respecting originality!

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