Cryptocurrency trading is a long-term plan; it is not about immediate results, 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 suggests that all cryptocurrency friends learn while trading, summarizing both gains and losses in a timely manner to deepen their understanding of risks and develop the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

Mr. Coin's Cryptocurrency Market Analysis Reference for January 24: Bitcoin (BTC)

Bitcoin has repeatedly tested the low around 88500 during the day and rebounded. The current price is running around 89800. On the daily chart, it is under pressure and in a correction. As long as the price does not break and stabilize above the key line of 90000 to 91000, the short-term downward fluctuation pattern will continue.

On the hourly chart, there is a significant long lower shadow in the range of 88500 to 90000, with strong short-term support at the 89000 round number. The daily line has closed above this key level for three consecutive trading days, initially forming a short-term bottom structure. In terms of technical indicators, the 4-hour MACD's fast line (DIF: -585) has crossed above the slow line (DEA: -777), and the histogram has turned from negative to positive, indicating an improvement in short-term momentum. However, the daily MACD is still below the zero axis, and the medium-term trend has not completely turned bullish. At the same time, the price continues to be suppressed by the bearish arrangement formed by EMA30 (90544) and EMA120 (91605), and the overall structure is still in a consolidation and repair state. It is expected that the range repair will continue over the weekend. It is recommended to operate within the range of 88500-91000, taking short positions at high points and long positions at low points.

Short-term Reference for Bitcoin on January 24:

Short in the range of 92000-91000, with a stop loss at 94500, and a target below 90000.

Long in the range of 87500-88500, with a target above 89000, and a stop loss of 500.

Short-term Reference for Ethereum on January 24:
Short focus on the range of 3030-3080, with a stop loss at 3280, and a target below 2980.

Long focus on the range of 2880-2830, with a stop loss of 50 points, and a target above 2930.

There may be delays in sending this article. The strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in your market judgment, always set take-profit and stop-loss levels to secure your gains.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the official account (Mr. Coin Talks About Coins) to get the addition method: the first ten each day can receive free exit strategies.

For more real-time trades, you can follow the official 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. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

This article is exclusively shared by Mr. Coin in the cryptocurrency space and represents his unique viewpoint. There may be delays in sending the article, and risks are borne by the reader. When trading, control your position reasonably, and do not operate with heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to keep striving. 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, prepare diligently, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin in the cryptocurrency space, and we refuse to plagiarize and respect originality!

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