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 increase 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.

6.23 Cryptocurrency Mr. Coin: Bitcoin (BTC) Market Analysis Reference

Bitcoin continues its downward trend during the day, with a drop of over 5000 points, and the market has fallen below the 100,000 mark. It has tested the 98,100 level multiple times before rebounding. The current price is around 91,000, facing resistance and retracing after rising to near 100,000. The trend has reached the short-term resistance area of 100,000 to 100,500. If it cannot rebound and break through this area, there is a risk of the price reversing and falling further.

On the short-term hourly chart, the Bollinger Bands are opening downwards. After multiple tests without breaking through again, it is currently undergoing a wave of corrective consolidation. The overall market still leans towards a downward trend, and there is selling pressure at the 100,000 level. If it touches this level again, there is still a risk of falling back under pressure. Therefore, the strategy remains focused on short positions during rebounds. If it falls below the 98,000 level again, consider lightly entering short positions. Based on the trend over the past two days, the overall correction has not ended, so it is still recommended to wait and see for those looking to hold long positions. I hope all cryptocurrency friends are prepared in advance. Pay attention to the resistance at the 100,000 level above and the support around 97,600 below. Given the current volatility of Bitcoin's price, it is advised for all cryptocurrency friends to operate with light positions and manage risks reasonably. Try to enter the market in line with the major trend.

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

6.23 Bitcoin Short-term Reference:

Lower entry point 100,500-99,500, defend at 101,500, stop loss: 500, target below 98,500,

Upper entry point 96,500-97,500 long, stop loss 500, defend at 99,000, target above 98,500,

There may be delays in article delivery; 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.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin in the cryptocurrency circle) for ways to add: 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 extensively in the U.S. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are unsure about trading, you are welcome to study and learn together.

Exclusive opinions, there may be delays in article delivery, risks are self-borne, manage your positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans and friends 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 in the cryptocurrency circle, no plagiarism, respect for originality!

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