Trading in the cryptocurrency market is a long-term plan, not something that can be achieved overnight. Therefore, one should not act too hastily. 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 essential to grasp the timing of trades and the current market trends to improve the winning rate. Also, investing is a process of growth. Mr. Coin suggests that all coin friends learn while trading, summarizing gains and losses in a timely manner, deepening their understanding of risks, and planning the right mindset. 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.
Bitcoin prices have retraced again during the day, but there was a slight rebound near 93500. The short-term trend still maintains a weak fluctuation. The increase yesterday has begun to slowly withdraw, but as long as the short-term key support has not broken, the fluctuation pattern will not change.
In the 4-hour cycle, the MACD is below the zero axis, and both DIF and DEA are diverging downwards, indicating that short-term bearish forces are dominant. The daily MACD also shows signs of a death cross, necessitating caution against further retracement risks. The 4-hour RSI is approaching the 50 level, indicating a neutral to weak market; the daily RSI remains above 60 but shows a flattening trend, and attention should be paid to whether it will break through key support levels. The current price hovers near EMA7 (95711), and if it cannot stabilize at this position, it may test lower EMA120 (92789) support.
So Chu suggested that the operation should mainly focus on short positions with rebounds as a supplement.
12.4 Bitcoin short-term reference:
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Short position, short in the range of 96500-97000, defend at 98000, stop loss 98300, target below 95500.
Long position, long in the range of 92800-93500, target 500-800 points, defend at 61500, stop loss 300.
There may be a delay in sending messages. Strategy suggestions are for reference only. The market changes rapidly, and regardless of how high the market judgment is, the take profit and stop loss must be properly managed to ensure safety.
24.4 Ethereum short-term reference:
Short position: short at 3750-3710, defend at 3850, stop loss: 3880, target below 3650.
Focus on long positions in the 3500-5560 range, stop loss at 50 points, target above 3620.
There may be a delay in sending messages. Strategy suggestions are for reference only. The market changes rapidly, and regardless of how high the market judgment is, the take profit and stop loss must be properly managed to ensure safety.
For more daily real-time trades, you can follow my public account for technical learning, exit strategies, etc. I have researched the market for many years and studied the major trends in the cryptocurrency market, often analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, etc. For those who are unsure about trading, you are welcome to study and learn together.
The content of this article is exclusively shared by Mr. Coin in the cryptocurrency market, representing Mr. Coin's unique viewpoint. There may be delays in sending articles. Risks are self-borne. Control positions reasonably when trading, and do not operate with heavy or full positions. Mr. Coin wishes that all fans can achieve financial freedom, move forward together, and work hard. In the depths of time, hold onto understanding. In investing, you must learn to be optimistic. Do not let your future self hate your present self. We live authentically, but not every data revelation needs to be scrutinized. Let the past be the past, and let the future come quickly! Take good care of yourself, prepare well, and always be ready to set out. Let's go!
—— This article is written by Mr. Coin in the cryptocurrency market. Refuse to plagiarize, respect originality!
