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 suggests that all cryptocurrency friends should learn while trading, summarizing both profits 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.

5.9 Mr. Coin in the Cryptocurrency Circle: Bitcoin (BTC) Market Analysis Reference

Yesterday, Bitcoin's price continued to reach new highs, breaking the 100,000 mark in the evening and testing up to the 101,680 position before facing pressure and pulling back. The short-term price pullback is not strong, and the current price is running around the 101,000 position. The short-term trend is in slight consolidation, but the gap above has been opened, and the short-term upward momentum remains unchanged. The current price is slowly testing upward, and there is hope for another test of the 102,000 line in the future.

On the daily chart, the Bollinger Bands are opening upward, and the daily K-line has multiple consecutive bullish candles. The current coin price is at a three-month high. Although there is heavy selling pressure above, the upward channel is relatively good, and the overall direction remains a pullback to look for support. If the market undergoes a time adjustment and the price stabilizes at the 100,000 mark, Mr. Coin believes there is still room for further upward movement.

On the short-term hourly chart, the market has repaired and broken through the upper Bollinger Band. Bullish sentiment is recovering, and all moving averages show an upward trend, with the upper band gap slightly opened. The short-term situation has improved, but there is a chance for a pullback, which is not strong. Overall, it is recommended to go long after a pullback and to hold light short positions at high levels.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the official account of Mr. Coin (币圈币先生) to get the addition method: the first ten each day can receive free exit strategies.

5.9 Bitcoin Short-term Reference:

Light short positions at 102,500-103,500, with a stop-loss at 104,500. Target: below 102,000.

Long positions at 100,000-100,500, with a stop-loss of 500, and a target above 101,500.

5.9 Ethereum Short-term Reference:

Short positions at 2,090-2,145, with a stop-loss at 2,270. Target: below 2,000.

Long positions at 1,940-1,980, with a stop-loss of 30 points. Target: above 2,030.

There may be delays in sending articles, and strategy suggestions are for reference only. The market changes rapidly, and no matter how high your judgment of the market is, always set stop-loss and take-profit levels to secure your gains.

Mr. Coin's official account: For more real-time trading strategies, online technical learning, and exit strategies, you can follow the official account of Mr. Coin (币圈币先生) to get the addition method: the first ten each day can receive free exit strategies.

For more real-time trades, you can follow my official account to access online market technical learning, 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 coins. For those who are not familiar with trading, you are welcome to study and learn together.

Exclusive views, articles may be delayed, risks are self-borne, and it is important to manage positions reasonably. Do not operate with 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, sharpen your skills, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin in the Cryptocurrency Circle, refusing to plagiarize and respecting originality!

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