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.

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

Bitcoin's price did not break below the support level during several pullbacks yesterday, and the subsequent rebound tested the resistance at the 120,000 mark. The intraday trend continued to rebound, and as of the time of writing, the price has risen by nearly 4,000 points, approaching the 120,000 line again. The intraday high was under pressure at the 120,300 position, and the price has shown significant volatility in both directions recently. I hope all cryptocurrency friends can manage their risks well.

Looking at the short-term 4-hour chart, the Bollinger Bands are opening up, and the price is operating in the middle to upper band area. As of the time of writing, the rebound momentum is weakening. If the price cannot stabilize at the 120,000 line, there is a possibility of a retest of the lower support. Although the price has shown a strong rebound today, the overall trend is still within a range, so it is not advisable for cryptocurrency friends to blindly chase highs and lows. Pay attention to the stabilization of the upper resistance around 120,000 and the lower support around 118,000.

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 people each day can receive free exit strategies.

7.23 Bitcoin Short-term Reference:

Lower entry point: 119,900 - 121,000, stop-loss at 122,500, target below 119,000.

Upper entry point: 117,500 - 116,500 long, stop-loss at 500, defend at 114,500, target above 118,500.

7.23 Mr. Coin's Cryptocurrency Market Analysis: Ethereum (ETH)

The intraday market saw a high and then a pullback, reaching a high near the 3,800 line but did not break through, leading to a subsequent pullback. The current price is around 3,680, and the intraday pullback has touched the support at the 3,610 line. If the price does not break below the 3,600 level, it is advised not to enter short positions blindly.

Looking at the short-term 4-hour chart, the price is in a pullback rhythm. Since July 15, the mid-band support has been broken, and the short-term rebound strength has weakened. If the price does not break and stabilize above 3,700, there is a risk of further support withdrawal.

Currently, the trend continues to oscillate within a range. The intraday price has repeatedly attempted to rise but has failed, entering a range of oscillation. There are no signs of breaking out, so our strategy is to go short at highs and long at lows. Pay attention to the upper resistance around 2,750 and the lower support around 3,580.

7.23 Ethereum Short-term Reference:

Lower entry point: 3,750 - 3,780, stop-loss at 30, target 30-60 points.

Upper entry point: 3,580 - 3,635, stop-loss at 30 points, target above 3,670.

There may be delays in article transmission, and 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) for access. The first ten people 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 BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

Exclusive opinions, there may be delays in article transmission, risks are self-borne, and it is important to control your position reasonably. Do not operate with 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 current 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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