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 probability of success. 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.

1.16 Bitcoin Market Analysis Reference

Bitcoin's intraday market is under pressure and has undergone a correction, with subsequent bullish sentiment weakening and prices continuously testing lower levels. It is currently operating at the 95700 position, and the trend correction has swallowed part of the previous gains. Currently, short-term signals indicate a correction, so there is a risk of further downward testing of support. As long as the lower support holds, there is still a possibility of continuing upward movement. Observing from the 4-hour level, the price reached a high of 97165.03 at 20:00 yesterday before falling back under pressure, ultimately closing at 96737.04, forming a significant long upper shadow, indicating strong selling pressure above 96000. Although the daily line has rebounded after three consecutive days of closing in the red, it has not broken through the previous high of around 98000, forming a secondary high point structure.

From the indicator perspective, the 4-hour MACD has formed a death cross, with DIF (1115.39) crossing below DEA (1227.75), and the histogram turning negative. Although the daily MACD remains positive, it continues to shrink. In the moving average system, the price has fallen below the 4-hour EMA7 (95928.14), and the current dynamic support below is near the 30-period moving average (94307.63), followed by attention to the area around 93500. As long as the lower support holds during the correction, there is still an opportunity for upward movement. It is recommended to short on rebounds and go long on corrections.

1.16 Bitcoin Short-term Trading Strategy Reference:

Short entry point 97500-97500, stop loss 11800, target below 97000,

Long entry point 93500-94500, stop loss 500, target above 95500,

1.16 Ethereum Short-term Strategy Reference:

Short entry point 3405-3465, stop loss 30 points, target below 3100,

Long entry point 3181-3231, stop loss 30 points, target above 32800,

There may be delays in article posting, and 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 gains.

For more real-time trading strategies and online technical learning, as well as solutions for exiting positions, 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 solutions for exiting positions.

For more real-time trades, you can follow the public account (Mr. Coin Talks About Coins) to access online market technical learning and solutions for exiting positions. 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. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

Exclusive opinions, article posting may have delays, risks are self-borne, manage positions reasonably, and avoid 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 plagiarism and respecting originality!

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。