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 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 gains 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.

1.7 Bitcoin Market Analysis Reference

In the early morning, Bitcoin's price retraced to around 91200 and quickly rebounded again. However, the subsequent bullish supply was insufficient, and the trend did not stabilize for further upward movement. As of the time of writing, the price is running around 93100. The daily support level is slowly moving up.

The daily line has remained above the EMA7 (93023) for three consecutive days, and the EMA7, 30, and 120 are in a bullish pattern. The price has repeatedly broken through the 93500 integer level, but the upward movement faces resistance from the previous high pressure in the 94400-95000 area. From a technical indicator perspective, the 2-hour MACD's DIF has crossed above the DEA, forming a golden cross, but the daily MACD histogram shows signs of contraction. The focus should be on the short-term resistance in the 94500-95500 range. If it does not break through, the previous adjustment will continue. It is recommended to lightly short at high levels and go long at low levels.

1.7 Bitcoin Short-term Trading Strategy Reference:

Short at 94500-95500, with a stop loss at 97800, target below 94000.

Long at 91500-90500, with a stop loss at 500, target above 92500.

1.7 Ethereum Short-term Strategy Reference:

Short lightly at 3305-3355, with a stop loss of 30 points, target below 3270.

Long at 3181-3131, with a stop loss of 30 points, target above 3210.

There may be delays in sending the article, and the strategy suggestions are for reference only. The market changes rapidly; no matter how high your judgment of the market is, always set your take profit and stop loss properly to secure your gains.

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) to get the addition method: the first ten each day can receive free exit strategy advice.

For more real-time trades daily, you can follow the public account (Mr. Coin Talks About Coins) to get 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 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 views, there may be delays in sending the article, risks are self-borne, and it is important to control your position reasonably. Do not operate with heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, move forward together, and 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 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 circle, refusing to plagiarize and respecting originality!

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