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

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

Bitcoin continues to consolidate during the day without breaking through the key resistance above. The price has shown a slight upward fluctuation but has not broken through the key resistance above. After a short-term low retracement to around 93300, it has slightly bounced back, and the current price is around 94500. The price has maintained fluctuations within a range today, and the range has decreased compared to yesterday.

From the daily chart, yesterday's candlestick formed a doji, indicating a balance of power between bulls and bears. The current price is stable above the five-day moving average, and the five-day moving average is beginning to rise. However, the Bollinger Bands are slightly narrowing, and the resistance above is slowly moving down. Coupled with the weak bullish momentum, the consolidation trend is expected to continue in the short term. Mr. Coin believes that if the price cannot effectively stabilize above 95000, the upward space will not open effectively, and the market will likely remain in a high-level range of fluctuations.

From the four-hour chart, the trend is maintaining above the middle track of the Bollinger Bands. The current price is close to the middle axis, operating near the five-day and ten-day moving averages. The MACD on the four-hour level shows that both the fast and slow lines are in positive territory, but the MACD histogram is showing a narrowing trend. The RSI on the four-hour level is at 54.75, close to the neutral zone, not entering the overbought or oversold areas, indicating a relatively balanced market sentiment. The EMA on the four-hour level shows that the price is currently near EMA7 (94428.91), with EMA7, EMA30, and EMA120 all in a bullish arrangement. The four-hour level shows a trend of upward fluctuations, but the most recent candlestick has shown a slight pullback, with the closing price slightly lower than the opening price, forming a small bearish candle, indicating some selling pressure in the short term. Overall, it is in a high-level range of fluctuations, and it is recommended to short at high points and long at low points.

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.

4.29 Short-term Reference for Bitcoin:

Light short positions at 95000-96300, with a stop loss at 97500, target below 94000.

Long positions at 92000-93000, with a stop loss of 500, target above 94500.

4.29 Short-term Reference for Ethereum:

Short positions at 1815-1855, with a stop loss at 1970, target below 1780.

Long positions at 1750-1700, with a stop loss of 30 points, target above 1790.

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 market judgments, 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. 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.

Please note that the article may have delays in sending, and the risks are to be borne by yourself. 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, and we refuse to plagiarize and respect originality!

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