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 improve 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.

1.20 Bitcoin Market Analysis Reference

The morning market for Bitcoin continues to show a downward trend, but after reaching the upper resistance area, it has begun to face pressure and pull back. Overall, the daily chart still appears weak. If it cannot break through again, it is expected that the price will enter a phase of correction or weak fluctuations. Therefore, we need to be cautious of the price breaking down further, which could lead to a continuation of the daily downtrend. Currently, the daily Bollinger middle line has not broken.

On the 4-hour chart, the price has continuously closed in the red and has fallen below EMA7 (93231.09) and EMA30 (94195.09), with the latest K-line closing at 92537.41, indicating a weak short-term trend. On the daily chart, January 19 closed with a large bearish candle (93673→92537), with a body length of over a thousand points. After the lower shadow dipped to 91910, it rebounded, and there is some buying support near the psychological level of 92000. From a technical indicator perspective, the 4-hour MACD's DIF (-508.9) and DEA (-202.59) have both fallen below the zero line, and the MACD histogram (-612.61) continues to expand downward; the daily MACD shows a golden cross convergence (DIF 1244 / DEA 1132). In terms of the moving average system, the price has lost EMA7 and EMA30 on the 4-hour chart, with the current 120-day moving average (92561.25) becoming a key support level. On the daily chart, EMA7 (93873) has crossed below EMA30 (92014). Overall, the short-term trend is under pressure and pulling back, with upward momentum gradually weakening. The focus should be on the breakout situation near 92000; a breakout is expected to test the 90,000 level below. Therefore, it is not recommended to go long for now; it is better to wait for a rebound to enter. The upper resistance to watch is the 93500-94500 area, and the key support below is the 90,000 level.

1.20 Bitcoin Short-term Trading Strategy Reference:

Short position entry point 94500-93500, stop loss at 97000, target below 92500,

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

1.20 Ethereum Short-term Strategy Reference:

Short position entry point 3205-3265, stop loss at 30 points, target below 3200,

Long position entry point 3081-3131, stop loss at 30 points, target above 3180,

There may be delays in sending articles, and strategy suggestions are for reference only. The market changes rapidly; no matter how confident you are in your market judgment, always set stop-loss and take-profit levels 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 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 not familiar with trading, you are welcome to study and learn together.

Exclusive opinions, articles may have delays, 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 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 plagiarism and respecting originality!

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