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 losses in the short term, 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 a correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

4.8 Mr. Coin's Analysis of Bitcoin (BTC) Market Trends

Yesterday, Bitcoin maintained an overall downward trend. The previous low has been broken, and the price quickly rebounded, continuing to rise from evening to early morning, currently trading around the 80,000 mark. The daily chart still shows a weak consolidation, with the intraday fluctuation range continuously compressing. If the 80,000 level cannot be effectively stabilized, it is expected that the market will retreat further.

On the short-term four-hour chart, the current price rebound has reached the vicinity of the middle track resistance but has not broken upward again. A pullback has already occurred under pressure. If the rebound cannot continue for a long time, there is a risk that the intraday gains may be wiped out once the bullish momentum is exhausted. Although the price has rebounded, it has not broken through the resistance area, and the bullish strength is gradually weakening. The MACD histogram on the four-hour chart has turned positive from negative, indicating a short-term increase in momentum, but the fast and slow lines are still in the negative zone. The RSI on the four-hour chart is at 47.6, in the neutral zone. The price is fluctuating between EMA7 (79,241.7) and EMA30 (80,997.3), with EMA7 showing a trend to break above EMA30, but a golden cross has not yet formed. There is a short-term rebound, but the strength is not significant, and the overall trend remains weak. Therefore, it is expected that the weak consolidation pattern will continue, and there is still a risk of price retreating to lower support. All cryptocurrency friends are advised to be prepared. It is recommended to focus on short positions during rebounds, with long positions as a supplement.

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.

4.8 Short-term Reference for Bitcoin:

Light short positions at 80,700-81,500, with a stop loss at 83,500. Target below 80,000.

For long positions, pay attention to the break of 78,500. If it breaks, observe, and consider light positions near new lows.

4.8 Short-term Reference for Ethereum:

Short positions: 1,620-1,680, with a stop loss at 1,830. Target below 1,550.

Long positions: 1,450-1,400, with a stop loss of 30 points. Target above 1,500.

There may be delays in sending messages. Strategy suggestions are for reference only. The market changes rapidly, and no matter how confident you are in your market judgment, always set take-profit and stop-loss levels to secure your gains.

Mr. Coin's public account: 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.

For more real-time trading strategies, you can follow my public account. You can learn online about market techniques, 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. to primarily analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. I welcome all cryptocurrency friends who are not familiar with trading to study and learn together.

This article is exclusively shared by Mr. Coin and represents his unique views. There may be delays in sending articles, and risks are borne by the reader. Manage your positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, move forward together, and keep striving. 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. Keep it up!

—— This article is written by Mr. Coin, no plagiarism allowed, respect originality!

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