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.

1.21 Bitcoin Market Analysis Reference

Bitcoin has broken downwards as expected, falling below the 90,000 mark. From evening to early morning, the price has been continuously adjusting, with bearish sentiment remaining strong. As of now, the downward trend is still ongoing, with the low approaching the 877,300 mark. The short-term downward space has been reopened, and the daily long bearish engulfing pattern has completely covered the previous gains with a single-day drop of 4261.81 points, forming a strong trend reversal signal. Meanwhile, a clear descending channel has formed on the hourly chart, with 12 consecutive K-lines showing progressively lower lows (87895→87900→89228→89400), indicating continued short-term bearish pressure.

From a technical indicator perspective, the daily MACD's DIF (755) has crossed below the DEA (1058), with the histogram turning negative and expanding to -604; the hourly MACD double lines are accelerating downwards towards the zero axis. The moving averages show that the price has fallen below all key moving averages, including EMA7 (92515), EMA30 (91785), and EMA120, with EMA7 and EMA30 forming a death cross. Overall, the market still lacks strength for a rebound, and the short-term trend is signaling a correction, with the downside space opened up. There is still a possibility of further price corrections, and the current trend is also showing a fluctuating downward movement, so the strategy should focus on short positions during rebounds. The support below is at the 85,000 mark; if it breaks again, there is a possibility of new lows in the future. It is recommended to focus on short positions during rebounds, with resistance above around 90,000.

1.21 Bitcoin Short-term Trading Strategy Reference:

Short entry point 90200-91000, stop loss at 93000, take profit target below 89500,

Long entry point 84500-95500, stop loss at 500, take profit target above 86500,

1.21 Ethereum Short-term Strategy Reference:

Short entry point 3105-3065, stop loss at 30 points, take profit target below 3000,

Long entry point 2881-2831, stop loss at 30 points, take profit target above 2930,

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 gains.

For more real-time trading strategies, 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, 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 primarily analyze and guide 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, articles may be delayed in sending, risks are self-borne, manage positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, moving forward together and cheering each other on. 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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