Cryptocurrency trading is a long-term plan; it is not about achieving results overnight, 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 has been 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 advises all cryptocurrency friends to learn while trading, summarizing both gains and losses in a timely manner to deepen their understanding of risks and to plan a correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.
4.25 Cryptocurrency Mr. Coin: Bitcoin (BTC) Market Analysis Reference
Yesterday, the bullish sentiment for Bitcoin continued to weaken, with the price breaking below the short-term support of 92,000. Currently, it is rebounding around the low of 91,600, having retraced over 3,000 points from the high, and the subsequent rebound strength is not strong, facing pressure near 94,400. The current price is running around 93,000.
From the daily chart, yesterday's price action closed with a bullish candle and a long lower shadow, indicating that there is still strong support below. On the short-term hourly chart, the Bollinger Bands are opening, and the price is operating near the middle band during the pullback. Although the price has touched the 91,600 level and is rebounding, it has formed a four consecutive bullish candle pattern. The short-term market is warming up, but the price is also approaching the middle band support of the Bollinger Bands. The MACD on the 4-hour chart shows that both the fast and slow lines are below the zero axis, and the MACD histogram is in negative territory, indicating that the current market is in a consolidation trend. On the 4-hour EMA, the price is fluctuating between EMA7 and EMA30, with EMA7 crossing below EMA30, showing that the short-term moving average is exerting pressure on the price. Additionally, the recent price on the 4-hour chart shows a trend of oscillating downward, with highs gradually decreasing and lows also moving down. The intraday pullback trend is still continuing, but it is important to pay attention to the support level of the 4-hour Bollinger middle band. As long as it does not break effectively, the price will continue to consolidate at high levels, and the strategy can be to short at high levels and long at low levels.
For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin in the cryptocurrency circle) to get the addition method: the first ten each day can receive free exit strategies.
4.25 Bitcoin Short-term Reference:
Light short position at 94,500-95,600, with a stop loss at 96,800, target below 93,000.
Long position at 91,800-90,800, with a stop loss of 500, target above 92,500.
4.25 Ethereum Short-term Reference:
Short position: 1,805-1,845, with a stop loss at 1,970, target below 1,690.
Long position: 1,680-1,730, with a stop loss of 30 points, target above 1,770.
There may be delays in article delivery; strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in market judgments, always set take-profit and stop-loss levels to secure your gains.
Mr. Coin's public account: For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin in the cryptocurrency circle) to get the addition method: the first ten each day can receive free exit strategies.
For more real-time trading strategies, you can follow my public account. You can learn online about market techniques, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency circle, and have studied in the U.S. multiple times, mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are not familiar with trading, you are welcome to study and learn together.
The article may have delays in delivery; risks are self-borne. 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 pushing. 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 circle, refusing plagiarism and respecting originality!
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