Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. Even if there are losses in the short term, 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, deepening the understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

11.24 Bitcoin Market Analysis Reference

After a series of declines, Bitcoin's weekend market continued to consolidate and recover. During the day, it retraced to create a rebound, with the current price above 86,000. The high has already touched short-term resistance, and attention should be paid to the new high position during the day. If the rebound cannot break through and stabilize in this area, there is a risk of price retracement support. Conversely, if it breaks upward, the price is expected to further rise towards the 90,000 line.

From the short-term hourly chart, the current market is under pressure and showing a pullback, with the short-term rebound relatively weak. It is expected that the price will further test downward, focusing on the 85,000 support area. If it does not break below this level, the market will continue to maintain a range consolidation; otherwise, it will test lower again. Currently, our strategy is to maintain high shorts and low longs. Pay attention to the resistance at 89,000 above and the support at 85,000 below. As long as this area does not break, the downward trend will not start temporarily. If there is a subsequent pullback, opportunities for long positions can be considered. If it breaks, stop loss; if it breaks down, follow the trend with short positions to capture short-term profits.

11.24 Bitcoin Short-term Trading Strategy Reference:

Short entry point 87,500-88,500, stop loss at 90,500, target below 86,500.

Long entry point 85,300-84,300, stop loss at 500, defend at 80,000, target above 86,300.

There may be a delay in sending the article, and the strategy suggestions are for reference only. The market changes rapidly, and no matter how high the confidence in market judgment is, stop-loss and take-profit must be well managed. Secure your profits. For more real-time trading strategies and online technical learning, follow the mentor's public account (Mr. Coin Discusses Currency) to get the addition method: the first ten each day can receive free strategies for resolving positions.

For more real-time trades, you can follow the public account (Mr. Coin Discusses Currency) to get online market technical learning, position resolution, etc. I have researched the market for many years, studying the major trends in the cryptocurrency space, 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 views, there may be a delay in sending the article, risks are self-borne, manage your positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, moving forward together. In the depths of time, hold onto understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your current 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, sharpen your skills, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin from the cryptocurrency circle, refusing to plagiarize and respecting originality!

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