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 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.

1.10 Bitcoin Market Analysis Reference

Yesterday, Bitcoin's market surged and then retraced, entering a phase of consolidation during the day, hovering around the 90700 level. Today, the upward momentum has weakened, and support has shifted downwards, but the short-term consolidation pattern has not changed. The current price is operating around 90800.

The daily line has closed in the red for three consecutive days, forming a preliminary descending three methods pattern, and the MACD has continued to diverge after a high-level death cross. On the 2-hour level, a shooting star pattern with a long upper shadow has appeared, indicating strong selling pressure near 92000. Meanwhile, the DIF and DEA have formed a death cross below the zero axis, with a decrease in the histogram volume. The price has currently fallen below the 7 EMA (90869) and is under pressure from the 30 EMA (91126). The 120 EMA below will become a key support level, and overall, it is within a wide consolidation box of 89500-91500 on the 1-hour level, maintaining a weak consolidation trend in the short term. The key resistance above is still around 92000; without a breakthrough and stabilization, the upper space will not open up, and the increase will not be extended further. Therefore, Mr. Coin advises against blindly chasing the rise and to be cautious of the price retracing to support again. The support below to watch is 89000.

1.10 Bitcoin Short-term Trading Strategy Reference:

Short position entry point 92500-91500, stop loss at 94800, target below 91000,

Long position entry point 88500-89500, stop loss 500, target above 90000,

1.10 Ethereum Short-term Strategy Reference:

Short position entry point 3165-3205, stop loss 30 points, target below 3100,

Long position entry point 2981-2931, stop loss 30 points, target above 3020,

There may be delays in article posting; strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgment, it is essential to manage take-profit and stop-loss effectively to secure profits.

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 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 provide analysis and guidance on 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, there may be delays in article posting, risks are self-borne, manage positions reasonably, and avoid 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, refusing to plagiarize and respecting originality!

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