Currency Circle Mr. Coin: 1.13 Bitcoin (BTC) Market Analysis Reference;

Bitcoin's morning market has once again declined as expected. In the recent continuous fluctuations, the daily high has been slowly moving downwards, and the upward channel has dissipated. From the daily chart perspective, there are already signs of a pullback, and all moving averages maintain a downward posture. The MACD and Stoch lines in the auxiliary chart present a death cross and are continuously declining, indicating that the trend is starting to weaken. Currently, although there has been a short-term rebound, the overall downward adjustment trend remains significant. As long as the price does not break through the 95000-96000 resistance zone, the fluctuating downward pattern will remain unchanged.

Looking at the short-cycle hourly chart, the Bollinger Bands are opening downward, with a low point near 92600 showing a slight rebound. The current trend is operating in the middle-lower track area. Although there is some support below, the current rebound is starting to lose strength. If it cannot break through the key resistance at 94500, there is still a risk of further downward movement after a pullback. After breaking the support, it is expected that the downward trend will continue. Therefore, our strategy remains focused on short positions during rebounds, with attention to the 95000 resistance area to consider entering short positions nearby.

1.13 Bitcoin Short-term Reference:

Long Position: 901000-91500 range long, stop loss at 90000, take profit at 92500 above,

Short Position: 94500-95100 range light short, target 500-1000 points, stop loss at 96500,

1.13 Ethereum Short-term Reference:

Long Position: 3080-3130 range, stop loss at 2950, take profit at 3220 above,

Short Position: 3230-3280 range short, stop loss 30 points, target 50-100 points,

There may be delays in sending messages. The strategy suggestions are for reference only. The market is changing rapidly; no matter how high your judgment of the market is, you must manage your take profit and stop loss well to secure your gains.

For more real-time trades daily, you can follow my public account to obtain information. You can learn technical analysis online, solve positions, etc. I have been researching the market for many years, studying the major trends in the cryptocurrency world, and have studied in the US several times, mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other currencies. For those who are not familiar with trading, you are welcome to study and learn together.