Trading in the cryptocurrency market is a long-term plan and should not be rushed. Even if short-term losses occur, there’s nothing to fear. As long as the subsequent direction is correct, losses will eventually be recovered. However, it’s important to grasp the timing of trades and the current market direction to improve your winning rate. Additionally, investing is a process of growth. Mr. Coin recommends that friends learn while trading, summarizing both gains and losses in a timely manner to deepen their understanding of risks and proper mindset planning. This way, one can avoid risks more effectively and become a competent investor.
Currently, the market is in a phase of large ups and downs, with extreme short-term movements. After the price rebound, it has entered a consolidation phase, and the short-term direction is unclear. Therefore, friends who are in cash should adopt a cautious wait-and-see approach, and those who are entering positions should pay attention to managing risk effectively and securing profits. Do not act blindly and aggressively. For spot trading, it’s advisable to wait two to three days until the market stabilizes before entering cautiously. Lastly, I emphasize once again the importance of managing risk, regardless of how confident you are in your predictions about future market movements.
Bitcoin has recently seen a drop of over ten thousand points, with the price falling from a high of around 99500 to near 86000. Currently, the price has rebounded to around 88800, with significant short-term volatility. Yesterday, Mr. Coin also mentioned a cautious wait-and-see approach, primarily focusing on shorting during rebounds. There isn't much analysis available on the market, and I have consistently urged everyone to manage risk well and pay attention to timely profit-taking. As the market warms up, regulations are gradually tightening. Although the price is rising continuously in the short term, trading volume is clearly decreasing; I suggest everyone stay vigilant.
Currently, the market is in a recovery and consolidation phase. The price rebound is facing resistance at the middle Bollinger Band line, fluctuating within a range of over a thousand points. The short-term market is showing signs of correction, and there are no significant upward breakout indications. The market has entered a calmer period, so our approach should be primarily bearish, taking light long positions as needed. Pay attention to the resistance around 90,000, and consider entering short positions on rebounds. The lower support to watch is around 86000; if it breaks, continue to observe.
2.26 Bitcoin short-term reference:
Short position: 90500-91300 short, defensive at 92800, stop loss: 500, target below 90000. For long positions, focus on the 95300-96300 range with light positions, defensive at 92500, target above 87000.
There are delays in sending messages, and strategy suggestions are for reference only. The market changes rapidly; no matter how confident you are in market predictions, always set stop-loss and take-profit levels to secure your gains. For more real-time trades daily, you can follow my public account for updates. There, you can learn technical analysis, exit strategies, etc. I have studied the market for many years, focusing on major trends in the cryptocurrency sphere, frequently analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, etc. For those who are unsure about trading, I welcome everyone to study and learn together. This article is exclusively shared by Mr. Coin and represents his unique viewpoint. The content is sent with delays; take risks at your own discretion. Manage your positions wisely, and avoid heavy or full-margin trading. I hope all my fans can achieve financial freedom, let's move forward together. In the depths of time, hold onto understanding. In investing, it’s essential to learn to be optimistic. Don't let your future self dislike your current self. We live genuinely, but we don’t need to be overly serious about every data revelation. Let the past be the past, and let the future come quickly! Take good care of yourself, prepare well, and be ready to take action. Let's go!
