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 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 profits and losses in a timely manner, deepening their understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

10.22 Bitcoin (BTC) Market Analysis Reference

After a strong reversal in the morning, the short-term trend is quite complex, mainly due to the mixed external market conditions. There are significant differences in opinions within the cryptocurrency community, and the mixed structure of Bitcoin has not reached a consensus. Therefore, Mr. Coin believes that there will be strong fluctuations in the short term, and everyone should pay attention to risk control.

Bitcoin made a strong rebound in the evening, with an intraday increase of nearly 7000 points, further igniting bullish sentiment. Today, the price approached the 114000 mark, and the market experienced a reversal, with a short-term price correction of over 2000 points. Currently, the coin price is operating around 112000. The short-term market reversal is quick and strong, so it is recommended that all cryptocurrency friends manage their risk well. Focus on the 115300 line today; the short-term weak trend remains unchanged until the rebound breaks through the previous level.

From the short-term hourly chart, the intraday market has seen a high and then a correction, with the price not stabilizing above 112000. Currently, the upward momentum has weakened, and the trend is maintaining slight consolidation. The daily chart shows four consecutive bullish candles, indicating a short-term oscillating upward trend. Therefore, it is still recommended to focus on long positions, with short positions as a supplement. Short-term support is around 110000.

10.22 Bitcoin Short-term Reference:

Short position entry point 112500-113500, stop loss at 115800, take profit: below 111800.

Long position entry point 108500-109500, stop loss 500, defend at 106000, target above 110500.

There may be delays in article posting; strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgment, it is essential to set take profit and stop loss levels. For more real-time strategies and online technical learning, follow the mentor's public account (Mr. Coin) for access. The first ten daily followers can receive free strategies for resolving positions.

For more real-time strategies, you can follow my public account for online technical learning, resolving 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. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. I welcome cryptocurrency friends who are unsure about trading to study and learn together.

Exclusive opinions, article posting may be delayed, risks are self-borne, manage positions reasonably, and avoid 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, 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, respect for originality!

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