Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. 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 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.

1.8 Bitcoin Market Analysis Reference

From the 2-hour level, Bitcoin's price has dropped from 92879 to 90873, forming a series of consecutive bearish candles and creating a short-term descending channel. However, the latest K-line has formed a long lower shadow near 91000, indicating buying interest and support at this level. On the daily chart, a large bearish candle was formed on January 7, dropping from 93747 to 91070. The bearish candle broke below the 30-day moving average, but the closing price remains above the 120-day moving average. A pullback to the 90,000 level that does not break is still considered a high-level correction within an upward trend, rather than a trend reversal.

From a technical indicator perspective, the MACD's fast and slow lines on the 2-hour chart have rapidly expanded downward below the zero axis, with the green bars increasing to -453, indicating that short-term bearish strength is increasing. However, the daily MACD (592) remains above the zero axis, and the long-term upward trend has not been broken. In terms of moving averages, the current price (91070) has fallen below the 7-day moving average (91434) and the 30-day moving average (92194) on the 2-hour chart, but has found support near the 120-day moving average (90750). On the daily chart, as long as the 30-day moving average (90090) and the 120-day moving average (97879) do not break below the 90,000 level, the bullish trend remains intact. It is recommended to short high and long low in operations.

1.8 Bitcoin Short-term Trading Strategy Reference:

Short entry point 93500-93500, stop loss at 97800, target below 93000,

Long entry point 90500-89500, stop loss 500, target above 91000,

1.8 Ethereum Short-term Strategy Reference:

Short entry 3305-3255, stop loss 30 points, target below 3270,

Long entry point 30181-3131, stop loss 30 points, target above 3200,

There may be delays in sending articles, and 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 effectively to secure profits.

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 technical learning, position resolution, 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. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

Exclusive opinions, articles may be delayed in sending, risks are self-borne, and it is important to control 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 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, no plagiarism, respect for originality!

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