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 losses in the short term, 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.
5.14 Mr. Coin's Analysis of Bitcoin (BTC) Market Trends
The price of Bitcoin is slowly rising during the day, currently returning to the area above 104,000. However, the resistance area above 105,000 has not been broken, so there is still a possibility of a pullback under pressure. Therefore, do not chase the price if this area is not broken during the day.
From the daily chart, the price closed positively yesterday, recovering the previous day's pullback. Currently, bullish sentiment is also warming up, and the high point is approaching the previous resistance area. The market is under slight pressure and is in a small consolidation phase, with the situation beginning to improve. Mr. Coin believes that if the price stabilizes above 104,000 during the day, there is a chance to break the upper resistance area and continue the upward trend to create new highs.
On the short-term four-hour chart, the Bollinger Bands are gradually narrowing, and the market has returned to the middle and upper track area. Price fluctuations are weak and tend to consolidate, but the trend is above the five-day and ten-day moving averages. If it can stabilize, there is a chance for the market to continue rising. However, there is strong resistance above, so although the short-term trend is upward, the daily trading strategy still suggests focusing on pullback long positions, with short positions as a supplement.
For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for ways to add: the first ten each day can receive free exit strategies.
5.14 Short-term Reference for Bitcoin:
Light short positions at 105,000-106,000, with a stop-loss at 107,800; target below 104,000.
Long positions at 102,000-103,000, with a stop-loss of 500; target above 103,500.
5.14 Short-term Reference for Ethereum:
Short positions at 2,770-2,735, with a stop-loss at 2,900; target below 2,690.
Long positions at 2,600-2,550, with a stop-loss of 30 points; target above 2,660.
There may be delays in sending articles; strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in market judgments, always set stop-loss and take-profit levels to secure your gains.
Mr. Coin's public account: Mr. Coin in the cryptocurrency circle. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for ways to add: the first ten each day can receive free exit strategies.
For more real-time trades, 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 coins. For those who are not familiar with trading, you are welcome to study and learn together.
Exclusive views, articles may be delayed in sending, risks are self-borne, and it is important to control your position 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 striving. In the depths of time, hold onto 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, 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 to plagiarize and respecting originality!
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