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 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 increase the win rate. At the same time, investing is also a process of growth. Mr. Coin advises all cryptocurrency friends to learn while trading, summarizing both gains and losses in a timely manner, deepening the understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.
6.22 Mr. Coin's Analysis of Bitcoin (BTC) Market Trends
Bitcoin's intraday rebound is weak, and the price has once again declined. The daily level correction is still ongoing, with the price operating overall in a weak oscillation above 103,000. The upper resistance to watch is around 104,500. If it cannot rebound and stabilize subsequently, a continued correction is expected.
From the short-term hourly chart, the Bollinger Bands are opening downwards, maintaining a weak oscillation. The middle band is slowly moving down, with short-term resistance near 1,045,000. If there is no rebound and stabilization, the possibility of a pullback to the 102,000 support exists, so Mr. Coin suggests preparing in advance. Additionally, the lower band gap is slightly open, and the space is gradually being opened, so there is a possibility of breaking down further. Therefore, if a breakdown occurs, one can follow the trend to enter short positions. The upper resistance area to watch is 104,500-105,500, and the operation suggests focusing on shorting high and going long low.
For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for the addition method: the first ten each day can receive free exit strategies.
6.21 Short-term Reference for Bitcoin:
Lower test entry point 105,500-104,000, defend at 107,300, stop loss: 500, target below 103,500.
Upper test entry point 100,500-101,500 long, stop loss 500, defend at 99,000, target above 103,300.
There may be delays in article sending, and strategy suggestions are for reference only. The market changes rapidly, and no matter how high the judgment of the market is, stop-loss and take-profit must be well managed to secure profits.
For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for the addition method: the first ten each day 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. focusing on 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 sending, risks are self-borne, manage positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, move forward together, and 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 going!
—— This article is written by Mr. Coin, plagiarism is refused, and original work is respected!
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