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 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.

7.1 Mr. Coin's Analysis Reference for Ethereum (ETH) Market

Yesterday, Ethereum's market warmed up and surged, with prices rebounding to the 2025 area as expected. Unfortunately, there was insufficient supply afterward, and the market did not stabilize for further upward movement, subsequently facing pressure for another pullback. The upward momentum weakened again during the day, with prices breaking below the retest support. Recently, a long lower shadow appeared on the daily chart, indicating strong support from bulls at lower levels. On June 30, the daily line closed as a doji star (high of 2524 / low of 2431 / closing at 2500), with a tug-of-war between bulls and bears around the 2500 area. The hourly chart showed consecutive pin bars at the 2500 round number (such as 2484-2502 at 03:00 on July 1), quickly rebounding after testing the EMA120 (2444). The MACD on the daily chart formed a golden cross (DIF crossing above DEA), but it remains below the zero axis. The hourly MACD histogram has shown five consecutive red bars with decreasing volume. The EMA daily 7/30/120 moving averages are in a bearish arrangement (2456 < 2469 < 2389), but the hourly EMA7 (2481) crossed above EMA30 (2468), forming a short-term golden cross. The previous high of 2525 is a selling pressure zone, and there have been multiple failed tests during the day. If the rebound cannot break and stabilize above the previous high, there is a risk of retesting the support below.

Looking at the short-term hourly chart, due to the failure of the market to stabilize during the upward movement, prices are under pressure and entering a correction phase. However, as long as the key support around 2400 is not broken, the overall trend will maintain a range-bound pattern. Therefore, it is not advisable to be too aggressive in trading; short-term operations should focus on high shorts and low longs, and one can follow the trend if a breakout occurs. The upper resistance to watch is 2525-2560, and the lower support to focus on is 2400.

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.

7.1 Short-term Reference for Ethereum:

Lower test entry point 2520-2585, defend at 2750, stop loss: 50, target below 2460,

Upper test entry point 2435-2375, stop loss 30 points, target above 2480,

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.

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 cryptocurrency, 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.

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.

Exclusive opinions, there may be delays in article delivery, risks are self-borne, manage your positions reasonably, and avoid 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, plagiarism is refused, and original work is respected!

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