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 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.

11.4 Bitcoin (BTC) Market Analysis Reference

Today, Bitcoin's upward attempt has failed, and the price has not stabilized above the resistance level of 110,000. The market has reversed and fallen back, breaking through the dual support levels, and the trend has broken the consolidation range. Currently, the low is testing around 105,300, showing a slight rebound as expected. The price has dropped more than 5,000 points today, and the current trend is approaching a key support level. If it breaks down again, there is a possibility of continued decline. Therefore, Mr. Coin advises all cryptocurrency friends to prepare in advance.

On the short-term hourly chart, due to the continuous downward testing of the price, the Bollinger Bands gap is gradually opening. The current trend is running near the middle and lower bands. Fortunately, the price has not deviated from the track, and it is currently showing a slight pullback, with the current price around 106,500. Bitcoin's market is in a downward consolidation, and the daily decline is significant, with strong short-term bearish sentiment. However, the 105,000 level has not been broken, so it is not recommended to blindly chase shorts in subsequent operations. Support below is at the 105,000 level, while resistance above is at 109,500. It is advised to short on rebounds and take light longs at low levels.

11.4 Bitcoin Short-term Reference:

Short entry point 108,500-109,500, stop loss at 111,500, take profit: below 107,500.

Long entry point 104,000-105,500, stop loss 500, defend at 102,000, target above 106,300.

There may be delays in article posting, and strategy suggestions are for reference only. The market changes rapidly, and no matter how high the confidence in market judgment is, stop-loss and take-profit must be well managed. For more real-time strategies and online technical learning, follow the mentor's public account (Mr. Coin Discusses Currency) for addition methods: the first ten each day can receive free strategies for resolving positions.

For more real-time strategies daily, you can follow my public account for online market technical learning, resolving positions, 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., 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 posting, 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, sharpen your skills, and be ready to set off at any time. Let's go!

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

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。