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 increase the win rate. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends learn while trading, summarizing both profits and losses in a timely manner to deepen their understanding of risks and to plan the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.
9.17 Bitcoin (BTC) Market Analysis Reference
Bitcoin maintained a wide range of fluctuations yesterday, with both bulls and bears oscillating back and forth within the range. The price touched the support near 114500 and rebounded, rising above 116000 from evening to early morning. As of the time of writing, the price is running at 116800.
From the daily chart, the price ended with a bullish candle yesterday, breaking through the previous high during the day. On the short-term hourly chart, the price is continuously testing upward, with bullish sentiment prevailing in the short-term market. If the price breaks through the 117000 level, the bullish trend will open up again. The short-term trend is in a fluctuating upward movement, but caution is needed as the market approaches 117000, which may lead to a pullback. The overall trend maintains a wide range of fluctuations, so the strategy should be to sell high and buy low. Pay attention to the stability around 117000 above and 114500 below.
9.17 Bitcoin Short-term Reference:
Sell short at 116800-117800, with a stop loss at 119800 and a target below 115500.
Buy long at 114800-113800, with a stop loss of 500, a defense at 111000, and a target above 115500.
There may be delays in the article's release, and the strategy suggestions are for reference only. The market changes rapidly, so regardless of how confident you are in your market judgment, always set stop-loss and take-profit levels. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) 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 space, and have studied extensively in the U.S. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.
Exclusive opinions, there may be delays in the article's release, and risks are to be borne by yourself. Manage your positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to 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, prepare well, and be ready to set off at any time. Let's go!
—— This article is written by Mr. Coin from the cryptocurrency community, no plagiarism allowed, respect originality!
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