Trading in the cryptocurrency market is a long-term plan, not something that can be achieved overnight, so one should not be too anxious. Even if there are short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what has passed will eventually return. However, it is important to grasp the timing of trades and the current market trend to increase the win rate. At the same time, investing is also a process of growth. Mr. Coin suggests that all coin friends should operate while learning, and timely self-reflection on both gains and losses to deepen the understanding of risks and the correct mindset planning. This way, risks can be reasonably avoided, and one can become a qualified investor.
Mr. Coin in the cryptocurrency market: 12.4 Bitcoin (BTC) market analysis reference.
The intraday price of Bitcoin has retraced again, but there is a slight rebound around the 93500 position. The short-term trend still maintains a weak oscillation. The gains from yesterday are starting to slowly retract, but as long as the short-term key support is not broken, the oscillation pattern will not change.
The MACD on the 4-hour cycle is below the zero axis, and both DIF and DEA are diverging downward, indicating that short positions dominate in the short term. The daily MACD also shows signs of a death cross, and further pullback risks need to be monitored. The 4-hour RSI is approaching the 50 level, showing a neutral to weak market; the daily RSI remains above 60 but has a flat trend, and attention should be paid to whether it will break below the key support level. The current price is hovering near EMA7 (95711). If it cannot hold this position, it may test the lower EMA120 (92789) support.
So Chu Chu suggests that the operation should focus on short positions during the rebound, with long positions as a supplement.
12.4 Bitcoin short-term reference:
For more real-time strategies daily, online technical learning, and solutions for exiting positions, you can follow the instructor's official account (Mr. Coin in the cryptocurrency market) to obtain the addition method: the first ten people each day can receive free solution strategies.
Short position, short in the 96500-97000 range, defend at 98000, stop loss 98300, target below 95500.
Long position, long in the 92800-93500 range, target 500-800 points, defend at 61500, stop loss 300.
The message may be delayed, the strategy suggestions are for reference only. The market changes rapidly, regardless of how high the judgment of the market is, stop-loss and take-profit must be in place for safety.
24.4 Ethereum short-term reference:
Short position: Short at 3750-3710, defend at 3850, stop loss: 3880, target below 3650.
Long position focus on the 3500-5560 range, stop loss 50 points, target above 3620.
The message may be delayed, the strategy suggestions are for reference only. The market changes rapidly, regardless of how high the judgment of the market is, stop-loss and take-profit must be in place for safety.
For more real-time trades daily, you can follow my official account for online technical learning, solutions for exiting positions, etc. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied deeply in the US, primarily analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who do not know how to operate, you are welcome to study and learn together.
The content of this article is exclusively shared by Mr. Coin in the cryptocurrency market and represents only his unique viewpoint. There may be delays in sending the article, risks are borne by the reader, and position sizes should be controlled reasonably. Do not operate with heavy or full positions. Mr. Coin wishes that all fans can achieve financial freedom and move forward together. In the depths of time, hold a piece of understanding lightly. 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. Keep going!
——This article is written by Mr. Coin in the cryptocurrency market, no plagiarism allowed, respect for originality!
