Cryptocurrency trading is a long-term plan; it is not about achieving results 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 is 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 advises all cryptocurrency friends to learn while trading, summarizing both gains 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.
12.26 Bitcoin Market Analysis Reference
Bitcoin has touched the upper short-term resistance area and is currently retracing, with the price running around 87300. The short-term trend maintains a weak oscillation within a range. If it cannot break through and stabilize above the resistance, it is expected that the price will further retrace to test the support area below. All cryptocurrency friends should prepare in advance. Note that if the price breaks down, it will test the 85000 level. The 4-hour K-line has formed a hammer line with a long lower shadow at the low of 86891.7, and there is significant buying support at the 87000 round number; however, the daily line has closed below 87500 for three consecutive days, forming a short-term top structure, with the previous high of 88592 becoming a key resistance.
From a technical indicator perspective: The 4-hour MACD shows a golden cross between DIF and DEA below the zero axis, with the histogram turning red (about 10.5 bars), but the daily MACD is still in a death cross state. The price is constrained by the EMA30 moving average across all time frames (approximately 87820 on the 4-hour chart and about 89780 on the daily chart), and the 7-day moving average and 30-day moving average have formed a bearish arrangement. The overall trend still leans towards weakness, but currently, there is no breakdown continuing the wide range oscillation. The strategy is to short at the high and long at the low within the range. The range to watch is from 88500 to 86000, with operations focusing on shorting at highs and longing at lows, primarily aiming for rebounds.
12.26 Bitcoin Short-term Trading Strategy Reference:
Short entry point 89500-98500, stop loss at 92500, target below 87500,
Long entry point 85300-86300, stop loss 500, target above 87300,
12.26 Ethereum Short-term Strategy Reference:
Short entry point 2995-3045 lightly, stop loss 30 points, target below 2950,
Long entry point 2881-2831, stop loss 30 points, target above 2930,
There may be delays in sending articles, and strategy suggestions are for reference only. The market changes rapidly; no matter 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 and online technical learning, as well as solutions for exiting positions, 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 exiting positions.
For more real-time trades, you can follow the public account (Mr. Coin Talks About Coins) to access online technical learning, solutions for exiting 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. to primarily analyze and guide 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, articles may have delays, risks are self-borne, and it is important to control positions reasonably. Do not operate with heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to keep striving. 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 going!
—— This article is written by Mr. Coin from the cryptocurrency circle, refusing plagiarism and respecting originality!
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