Cryptocurrency trading is a long-term plan, not something that can be achieved 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 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.
6.21 Cryptocurrency Mr. Coin: Bitcoin (BTC) Market Analysis Reference
After multiple attempts in the afternoon to break the resistance at 106500, the market reversed in the evening to early morning, leading to a strong pullback, quickly breaking the double support at 103500. The range has broken downwards, and it has now fallen below the previous low. If it breaks down again, there is a risk of further downward testing in the future market.
Currently, the coin price has slightly rebounded to run above 103000. The short-term upper resistance focuses on the 4-hour mid-axis at 104500 and the daily mid-axis resistance at 105800. If the rebound cannot break through, the oscillating downward trend will remain unchanged. It is recommended to focus on short positions during the rebound.
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) for the addition method: the first ten each day can receive free exit strategies.
6.21 Bitcoin Short-term Reference:
Lower test entry point 105800-104500, defend at 107300, stop loss: 500, target below 104000,
Upper test entry point 101500-102500 long, stop loss 500, defend at 100500, target above 103300,
There may be delays in article sending, and strategy suggestions are for reference only. The market changes rapidly; no matter how high your judgment of the market is, always set stop-loss and take-profit levels to secure your gains.
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) for the addition method: the first ten each day can receive free exit strategies.
For more real-time trades, 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. For those who are not familiar with trading, you are welcome to study and learn together.
Exclusive views, there may be delays in article sending, 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, sharpen your skills, and be ready to set off at any time. Let's go!
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