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 increase 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.
12.13 Bitcoin Market Analysis Reference
Yesterday, Bitcoin maintained an overall rebound and pullback trend, with the price fluctuating above the 90,000 support level. The price continued to rebound in the early hours of the day but was pressured again in the evening due to news, currently running near d9dvn. The daily chart still shows a weak consolidation, with the intraday fluctuation range continuously compressing. If it breaks below the short-term support of 89,000 again, it is expected that the market will test lower levels. The weekend market is expected to continue the oscillation rhythm, so all cryptocurrency friends should be prepared.
On the short-term four-hour chart, the current price has rebounded and pulled back, with a long upper shadow appearing near 92,630 combined with a large bearish candle, forming a significant pressure signal. The daily chart has closed below the EMA7 for three consecutive trading days, showing the embryonic form of a descending three-method pattern. Although the one-hour chart has formed a double bottom structure in the 89,688-90,617 range, the overall trend is still constrained by the upper pressure.
Technical indicators further confirm the weakness: the 4-hour MACD's DIF has crossed below the zero line (currently at -98). Although the daily MACD histogram has been shrinking for six consecutive days, the price has fully broken below all periodic moving averages, including EMA7, 30, and 120, and the short, medium, and long-term EMAs are in a bearish divergence arrangement. Therefore, the trend is still leaning towards weakness. It is expected that the weak oscillation pattern will continue, and there is still a risk of price retracing to lower support levels. It is recommended to focus on short positions during rebounds.
12.13 Bitcoin Short-term Trading Strategy Reference:
Short entry point 92,300-93,000, stop loss at 95,500, target below 91,500.
Long entry point 88,300-87,300, stop loss at 500, target above 89,500.
12.13 Ethereum Short-term Strategy Reference:
Short entry point 3,195-3,145, stop loss at 30 points, target below 3,190.
Long entry point 2,981-3,031, stop loss at 30 points, target above 3,080.
The article is 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 judgment, it is essential to manage take-profit and stop-loss levels properly to secure gains.
For more real-time trading strategies, online technical learning, and exit strategies, 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 exit strategy advice.
For more real-time trades, you can follow the public account (Mr. Coin Talks About Coins) to access online market technical learning, exit strategies, 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 coins. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.
Exclusive opinions, the article is sent with a delay, risks are self-borne, and it is essential to manage positions reasonably. Do not operate with 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, prepare well, 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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