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

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

The Bitcoin market continues the consolidation from yesterday, with prices testing upward resistance around 106100 in the afternoon. Currently, it has retraced to around 105600. The short-term trend has made multiple attempts to break through the key resistance above but has not succeeded, and the market remains within the oscillation range mentioned in the morning.

From the four-hour chart, the middle band resistance is slowly moving down, and the high point is approaching the resistance area, but it has not broken upward. MACD: The 4-hour and daily lines are still below the zero axis, but a bottom divergence has appeared on the 4-hour chart, and the red bars are shortening. A golden cross has formed on the 1-hour chart, and the 1-hour RSI (14) has strongly risen from 40 to 57, nearing the overbought zone but not yet at the top; the daily RSI is oscillating around the 50 midline. EMA: The price has broken through the 4-hour EMA7 (105409) but is blocked by the 30-day moving average (105981); the 1-hour EMA120 (106002) constitutes strong pressure. A long lower shadow hammer candlestick has appeared on the 4-hour level, indicating a short-term rebound signal, but the strength is not significant. Overall, the short-term market is still in a tug-of-war between bulls and bears, showing a weak oscillation within the range. If the rebound cannot effectively break through and stabilize above 106500, there is a risk of continuing downward movement. It is recommended not to blindly chase long positions before a breakout; in terms of operations, it is suggested to short on rebounds and go long at low positions, with short-term trades possible at the support and resistance levels.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for addition methods: the first ten each day can receive free exit strategies.

6.16 Short-term Reference for Bitcoin:

Downward test entry points 107800-106500, with a stop loss at 108800; target below 106000.

Upward test entry points 102500-103500 long, with a stop loss at 500; defend at 100500; target above 104500.

There may be delays in article transmission; strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in market judgments, always manage your take profit and stop loss properly to secure your gains.

Mr. Coin's public account: Mr. Coin in the cryptocurrency circle. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for addition methods: the first ten each day 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 circle, and have studied in the U.S. multiple times, mainly 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.

Exclusive views, there may be delays in article transmission, risks are self-borne, 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. Keep it up!

—— This article is written by Mr. Coin in the cryptocurrency circle, refusing to plagiarize and respecting originality!

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