Cryptocurrency trading is a long-term plan, not something that can be achieved 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.
4.19 Mr. Coin's Analysis of Bitcoin (BTC) Market Trends
Yesterday's market continued to show narrow fluctuations, with the price movement range around a few hundred points, peaking at around 85,000. As of early this morning, the price has maintained a consolidation phase, currently operating near the 84,500 level.
From the daily chart, yesterday's candlestick closed bearish, with the price facing resistance on the upside. The coin price has been consistently operating in the mid to upper range this week. On the short-term four-hour chart, the Bollinger Bands are narrowing, and the coin price continues to operate near the middle axis of the Bollinger Bands. The 4-hour candlestick shows price fluctuations around 84,500, forming multiple small real body candlesticks, indicating that the market is in a consolidation phase. The 4-hour MACD is in the negative zone, with the fast and slow lines close together, indicating no significant short-term volatility. The 4-hour RSI is hovering around 50, not entering the overbought or oversold zones. The 4-hour EMA7, EMA30, and EMA120 moving averages are close together, with the short-term moving averages around 84,500. Overall, the weekend market continues to consolidate sideways, and with strong resistance above, it is advised not to chase after rising prices and to prepare for potential pullbacks. In summary, the operational suggestion is 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 access. The first ten daily followers can receive free exit strategies.
4.19 Short-term Reference for Bitcoin:
Light short positions at 85,200-86,200, with a stop-loss at 87,500, target below 84,500.
Long positions at 83,200-83,800, with a stop-loss of 500, target above 84,500.
4.19 Short-term Reference for Ethereum:
Short positions at 1,610-1,650, with a stop-loss at 1,850, target below 1,500.
Long positions at 1,500-1,550, with a stop-loss of 30 points, target above 1,600.
The article may have delays in sending, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in your market judgment, always set stop-loss and take-profit 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 access. The first ten daily followers can receive free exit strategies.
For more real-time trading strategies, 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 the cryptocurrency space, and have studied extensively in the U.S., primarily 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.
This article is exclusively shared by Mr. Coin and represents his unique perspective. The article may have delays in sending, and risks are to be borne by the reader. Manage your positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to 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!
In the evening, bullish sentiment has warmed up, and the market has broken out to the upside. The current price has returned to above 84,000, testing upward with resistance at around 85,500, leading to a pullback. The market has once again entered a consolidation phase, with both bulls and bears in a stalemate.
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