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 increase the probability of success. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends learn while trading, summarizing both profits 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 Analysis Reference for Bitcoin (BTC) on January 27

Bitcoin has repeatedly tested near 88,500 during the day but has been under pressure and failed to test higher levels. After facing pressure, it has entered a correction, with a small bullish candle closing on the daily chart, temporarily easing the upward momentum. The market is currently in a phase of consolidation. If it cannot break through the resistance of 88,500-89,000 today, and if the trend closes bearish again, there is a risk of continued correction, so everyone should be prepared in advance.

On the short-term hourly chart, the price is operating in the middle to lower range, entering a weak consolidation phase. On the 4-hour chart, after testing the support level near 87,000, a long lower shadow has formed a rebound, creating a double bottom structure, with significant buying support at this level. From a technical indicator perspective, the 4-hour MACD's DIF and DEA have formed a golden cross below the zero line, while the daily MACD green bars are continuously shortening, indicating that the downward momentum is weakening in the short term. In terms of the moving average system, the current price has broken through the 7-day moving average (approximately 87,716), but faces significant resistance near the 30-day moving average (approximately 88,958). The short-term rebound still faces resistance from the mid-term trend line, and future movements need to focus on whether it can effectively break through this moving average resistance to open up further upward space. Therefore, our strategy is to short at high points and long at low points. The upper resistance to watch is the 88,500-89,500 area, while the lower support to watch is 86,000.

Short-term Reference for Bitcoin on January 27:

Short in the 89,000-90,000 range, with a stop loss at 92,500 and a target below 85,000.

Long in the 86,500-85,500 range, with a target above 87,500 and a stop loss of 500.

Short-term Reference for Ethereum on January 27:
Short in the 3,030-2,980 range, with a stop loss at 3,280 and a target below 2,950.

Long in the 2,780-2,830 range, with a stop loss of 50 points and a target above 2,900.

The article may have delays in sending, and the 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 levels properly to secure gains.

For more real-time trading strategies and online technical learning, you can follow the official account (Mr. Coin Talks About Coins) for ways to add. The first ten each day can receive free strategies for resolving positions.

For more real-time trades, you can follow the official account (Mr. Coin Talks About Coins) to access online market technical learning and position resolution. 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. 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 views. There may be delays in sending the article, and risks are borne by the reader. When trading, 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 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 well, 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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