Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. 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 learn while trading, summarizing both gains and losses in a timely manner to deepen their understanding of risks and to plan the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.
6.14 Mr. Coin's Analysis of Bitcoin (BTC) Market Trends
Bitcoin experienced a significant pullback and rebound in the morning, with prices breaking through the short-term resistance area but not surpassing the key resistance zone of the daily Bollinger middle line at 106,500. The current trend is above 105,000, but multiple attempts to break through have failed. The focus going forward will be on the breakthrough of this area.
On the 4-hour level, there have been consecutive bearish candles breaking below EMA7 and EMA30, but the previous low has not been broken, forming a potential double bottom structure. On the 1-hour level, there is repeated testing of support at the 105,000 round number, forming long lower shadows. MACD: The 4-hour DIF and DEA are dead-crossing below the zero axis, but the green bars are shortening; a bottom divergence appears on the 1-hour chart. The 4-hour RSL remains in the neutral zone around 40, while the 1-hour has rebounded from the oversold area to 49. EMA: Prices are being pressured by EMA7 (105,517) and EMA30 (106,717), but EMA120 (106,047) still constitutes strong resistance above. The strength of the intraday rebound continues to weaken, and the focus going forward will be on the breakthrough of EMA30. If it can break through, prices may move further up; conversely, if it cannot break through for a long time, there is a risk of price correction. Before the breakthrough, it is recommended to short on rebounds and long on corrections, capturing range profits.
For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for access. The first ten daily followers can receive free exit strategies.
6.14 Short-term Reference for Bitcoin:
Lower test entry point 107,800-106,500, defend at 108,800, stop loss: 500, target below 106,000.
Upper test entry point 102,500-103,500 long, stop loss 500, defend at 100,500, target above 104,500.
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 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 access. The first ten daily followers can receive free exit strategies.
For more real-time trading strategies, you can follow my public account for online technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency circle, and have studied extensively in the U.S. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.
Exclusive views, there may be delays in article delivery, 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, moving forward together. 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, no plagiarism, respect originality!
免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。