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 should 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.

Mr. Coin's Cryptocurrency Market Analysis Reference for November 9:

Yesterday, Bitcoin's price tested resistance around 104,000 but failed to push higher. After facing resistance, it entered a correction, closing with a bearish candle on the daily chart, temporarily easing upward momentum. The market is currently in a phase of consolidation, with support touching the 101,500 level. If there is no rebound to break the 102,500 resistance today, and if the trend closes bearish again, there is a risk of continued correction. Mr. Coin advises everyone to be prepared in advance.

Looking at the short-term hourly chart, the trend is operating in the mid-lower track area, with the market under pressure entering a low-level consolidation. Currently, although bullish sentiment is weak and the five-day and ten-day moving averages are flattening, the key support has not been broken and is slowly moving upward. The short-term trend is under pressure and consolidating, so our strategy is to short at high points and long at low points. Pay attention to the resistance in the 103,500-104,500 area above, and the support near the 100,000 level below.

Market Analysis Reference for November 9:

Short position entry point in the 103,500-104,500 range, with a stop-loss at 106,500 and a stop-loss of 500, targeting below 102,900.

Long position entry point in the 100,800-101,500 range, with a stop-loss at 98,600 and a stop-loss of 500 points, targeting above 102,300.

The article is sent with a delay, and 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 must be managed well. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the official account (Mr. Coin Discusses Cryptocurrency) for access. The first ten daily followers can receive free exit strategies.

For more real-time trades, you can follow the official account (Mr. Coin Discusses Cryptocurrency) to access online market 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. to primarily analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are not familiar with trading, you are welcome to study and learn together.

This article is exclusively shared by Mr. Coin in the cryptocurrency space and represents his unique perspective. The article is sent with a delay, and risks are borne by the reader. 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 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. Let's go!

—— This article is written by Mr. Coin in the cryptocurrency space, and we refuse to plagiarize and respect originality!

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