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 develop the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

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

Bitcoin retraced and surged in the morning, breaking through multiple layers of resistance above. By the evening, the daily increase continued, reaching a recent high, with support slowly moving up. The focus should be on the stability around the 109,000 level; if it breaks and stabilizes, one can follow up with light positions. The market is expected to test the 110,000 position. Everyone can take advantage of a short-term long position for some profit, but remember that there is strong selling pressure around 110,000, so do not forget about risk control.

Looking at the short-term hourly chart, the Bollinger Bands are opening upwards, and the middle band support has moved up (107,500). If the subsequent pullback does not break this area, the daily increase is likely to continue. Therefore, one can consider entering long positions nearby during the pullback. The market is currently in a fluctuating upward trend, and as long as the support does not break, we can control risks and operate in the direction of the trend.

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 addition methods: the first ten each day can receive free exit strategies.

7.3 Bitcoin Short-term Reference:

Lower test entry point 109,600-110,600, defend 112,500 for a supplement, stop loss: 500, target below 109,000.

Upper test entry point 106,200-107,200 long, stop loss 500, defend 105,000 for a supplement, target above 108,000.

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 trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin in the Cryptocurrency Circle) for addition methods: the first ten each day can receive free exit strategies.

For more real-time trades, you can follow my public account for 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 extensively in the U.S. focusing on 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, there may be delays in article delivery, risks are self-borne, and it is important to control positions reasonably. Do not operate with heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, moving forward together and cheering each other on. 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 plagiarism and respecting originality!

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