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 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.

12.17 Bitcoin Market Analysis Reference

Bitcoin continued its weak adjustment yesterday. Although there was a rebound in the early hours of the day, the resistance at the 88000 level was not effectively broken. Currently, the price is running around 87600, and the short-term support at 85000 has not been broken.

The daily level has entered a correction trend. On the hourly chart, the price is running in the middle-lower area of the Bollinger Bands. Although there was a rebound, the upper resistance has not been broken, and the trend is relatively weak. The Bollinger Bands are opening downwards, and as time goes by, the upper resistance is still moving down. If the price cannot break through the key level of 90000 in the short term, there is a possibility of weakening at any time. It is recommended to focus on short positions during rebounds, with upper resistance at 88500 and lower support at 85000. If it breaks below, pay attention to the 85000 level.

12.17 Bitcoin Short-term Trading Strategy Reference:

Short entry point 89300-90300, stop loss at 92500, target below 88500,

Long entry point 82300-83300, stop loss at 500, target above 85500,

12.17 Ethereum Short-term Strategy Reference:

Short entry point 3095-3145, stop loss at 30 points, target below 3000,

Long entry point 2881-2831, stop loss at 30 points, target above 2980,

The article is sent with a delay, and the 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 and online technical learning, you can follow the mentor's public account (Mr. Coin Talks About Coins) to get the addition method: the first ten each day can receive free strategies for getting out of positions.

For more real-time trades, you can follow the public account (Mr. Coin Talks About Coins) to get online technical learning, getting out of positions, etc. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied in the U.S. multiple times, 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, the article is sent with a delay, risks are borne by oneself, manage positions reasonably, and 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 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. Keep it up!

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

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