Cryptocurrency trading is a long-term plan; it is not about immediate results, 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 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.

9.23 Bitcoin (BTC) Market Analysis Reference

Bitcoin saw a drop of over ten thousand points last night, with the price falling from around 115,400 to about 111,400. Currently, the price has rebounded to around 112,500. The short-term price fluctuations are significant. Previously, Mr. Coin also advised to maintain a cautious wait-and-see approach, as there is not much to analyze in the market. Recently, Mr. Coin has been reminding everyone to control risks and to seize profits in a timely manner. Although the prices of various altcoins are continuously rising, the trading volume is clearly decreasing, so it is advisable to stay alert.

Currently, the market is in a phase of repair and consolidation, hovering in a range of over a thousand points, with no signs of breaking in the short cycle. After the decline, the market has entered a calm period, so our strategy is to go short at high points and long at low points. The upper resistance is focused on the 114,500-114,000 range, while the lower support is at around 111,000.

9.23 Bitcoin Short-term Reference:

Short entry point 113,800-114,800, stop loss at 116,800, target below 113,000.

Long entry point 111,800-110,800, stop loss at 500, defend at 109,000, target above 112,500.

There may be delays in article posting; the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgments, stop-loss and take-profit measures must be in place. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin in the cryptocurrency circle) 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 market technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency circle, 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 opinions, there may be delays in article posting, risks are self-borne, 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. Keep it up!

—— This article is written by Mr. Coin in the cryptocurrency circle, no plagiarism, respect originality!

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