Cryptocurrency trading is a long-term plan; it is not about achieving results 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.

5.16 Mr. Coin's Cryptocurrency Market Analysis: Bitcoin (BTC) Reference

After being pressured at the 104,000 level in the early morning, Bitcoin's price has retraced to test support, currently running around the 103,000 level. In the short-term hourly chart, the current trend is in a corrective adjustment, with the Bollinger Bands showing a narrowing posture, and the price fluctuating around the middle band without signs of breaking out.

On the 4-hour K-line chart, the price is oscillating within a range, forming multiple small real body K-lines. The MACD histogram is gradually shrinking, with the fast and slow lines approaching the zero axis. The 4-hour RSI is hovering around 50, not entering the overbought or oversold zones, indicating neutral market sentiment. The 4-hour EMA7, EMA30, and EMA120 moving averages are in a bullish arrangement, but the EMA7 and EMA30 are relatively close, indicating weakened short-term support. Overall, the oscillating market is expected to continue for some time. In terms of operations, one can confidently trade high on the range and low on the dips.

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.

5.16 Bitcoin Short-term Reference:

Light short positions at 104,300-105,500, with a stop loss at 106,800, and a target below 103,000.

Long positions at 101,500-102,500, with a stop loss of 500, and a target above 103,500.

5.16 Ethereum Short-term Reference:

Short positions at 2,580-2,635, with a stop loss at 2,900, and a target below 2,490.

Long positions at 2,400-2,450, with a stop loss of 30 points, and a target above 2,540.

There may be delays in article posting; 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 trades, 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. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are unsure about trading, you are welcome to study and learn together.

Exclusive opinions, there may be delays in article posting, and 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 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, and we refuse to plagiarize and respect originality!

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