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.

7.20 Mr. Coin's Analysis Reference for Bitcoin (BTC)

Yesterday, Bitcoin continued to experience wide fluctuations, with prices undergoing a correction of over a thousand points, and both bulls and bears were locked in a high-level consolidation. In the early hours of the day, the market once again tested upward, with prices fluctuating back and forth within a range of over a thousand points. Currently, the price has once again retreated to around 117,500, indicating that the resistance above is still quite strong.

From the daily chart, yesterday's price closed lower, fluctuating at a low level within the range, but did not break down. Fortunately, the 116,000 level was not breached, and the overall upward trend remains unchanged. The MACD and Stoch indicators are showing a flat trend, indicating that the market is still leaning towards consolidation.

On the 4-hour chart, the market has repeatedly approached the mid-axis resistance and corrected. The Bollinger Bands are gradually opening up, and the current trend is under pressure in the mid-band area. Both bulls and bears are entering a consolidation phase, with short-term resistance focusing on the 118,800 level. If the subsequent rebound can break through, the increase is expected to continue. Currently, support is focused on the 116,200 level, and if an opportunity arises, consider entering long positions.

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 participants can receive free exit strategies.

7.20 Short-term Reference for Bitcoin:

Lower test entry point 118,800W - 119,500W, stop loss at 121,500, target below 118,000,

Upper test entry point 115,000 - 116,000 long, stop loss 500, defend at 113,500, target above 117,800,

7.20 Mr. Coin's Analysis Reference for Ethereum (ETH)

Ethereum continues to trend towards new highs, but the price has not broken through the 3,700 level. Yesterday's article reminded that without a breakthrough, it is not advisable to blindly chase long positions, and a correction was also anticipated. The price touched around 3,477 during the day and rebounded, currently operating in the vicinity of 3,585. The bulls still hold the advantage, and if the price can stabilize above 3,600, the increase is expected to continue; otherwise, short-term fluctuations will persist, with short-term resistance focusing on the 3,640 level.

Although Ethereum experienced a correction of over a hundred points during the day, the subsequent recovery was strong, and the overall market is leaning towards an upward trend. Therefore, it is recommended to focus on long positions, with short-term support around the 3,480-3,500 area.

7.20 Short-term Reference for Ethereum:

Lower test entry point: 3,640-3,680, stop loss 30, target 30-60 points,

Upper test entry point 3,480-3,545, stop loss 30 points, target above 3,470,

The article may have delays in sending, and 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 profits. 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 participants 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 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, the article may have delays in sending, risks are self-borne, manage your positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, moving forward together. 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, plagiarism is refused, and original content is respected!

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