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 advises all cryptocurrency friends to learn while trading, summarizing both profits and losses in a timely manner, deepening their understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

12.9 Bitcoin Market Analysis Reference

In the evening of the day, bullish sentiment has warmed up, and the market continues to move upward. The current price has returned to the area above 92,000, testing upward resistance at the 92,000 line and experiencing a pullback. The market has once again entered a consolidation phase, with both bulls and bears in a stalemate. The focus going forward will be on the breakthrough situation at the 92,000 line and the support situation at the 90,000 line. If the market can break through again, the upper space will be further opened up; conversely, if it falls below 90,000, it will continue to consolidate weakly, with a possibility of retracing to the 89,000 support.

From the hourly chart, the Bollinger Bands are in a contracting posture, with the market running near the middle band, showing obvious selling pressure. The price encountered selling after reaching around 92,000, forming a technical reversal signal. From the indicators, the MACD has entered the negative zone, and the DIF and DEA have formed a death cross and continue to extend downward, indicating a weak short-term trend. Meanwhile, the EMA (7) has crossed below the EMA (30), forming a bearish crossover of the short-term moving average over the long-term moving average, suggesting that the trend may continue to weaken in the short term. The upward momentum is starting to weaken, but the trend is showing a fluctuating upward movement, with a slight pull-up only after breaking through. Therefore, during the consolidation phase of bulls and bears, the market is currently unclear, and it is advisable for everyone to wait for a breakout or a pullback before re-entering. Recently, Bitcoin has experienced significant fluctuations in daily price, and Mr. Coin advises all cryptocurrency friends to manage risks reasonably and set stop-loss and take-profit levels.

12.9 Bitcoin Short-term Trading Strategy Reference:

Short position entry point 92,300-93,300, stop-loss at 95,500, target below 90,1500,

Long position entry point 87,300-88,300, stop-loss at 500, target above 89,300,

12.9 Ethereum Short-term Strategy Reference:

Short position entry point 3,195-3,145, stop-loss at 30 points, target below 3,090,

Long position entry point 2,981-2,931, stop-loss at 30 points, target above 3,020,

The article may be sent with a delay, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgments, stop-loss and take-profit must be properly managed to secure profits.

For more real-time trading strategies and online technical learning, as well as solutions for exiting positions, you can follow the mentor's public account (Mr. Coin Talks About Coins) to get the addition method: the first ten each day can receive free solutions for exiting positions.

For more real-time trades, you can follow the public account (Mr. Coin Talks About Coins) to access online market technical learning, solutions for exiting positions, etc. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied extensively in the U.S. to primarily analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are not familiar with trading, you are welcome to study and learn together.

Exclusive views, the article may be sent with a delay, risks are self-borne, manage positions reasonably, and avoid 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 an understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your current 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 from the cryptocurrency circle, refusing to plagiarize and respecting originality!

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