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 suggests that all cryptocurrency friends learn while trading, summarizing both gains 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 Bitcoin (BTC) on 10.20

Bitcoin's intraday market has entered a high-level consolidation, with the price fluctuating between 68,000 and 69,000, showing an overall oscillating trend. The current price is operating at 68,350, and so far, there are no signs of breaking out. It is expected that the market will maintain a consolidating trend in the short term.

From the short-term hourly chart, the Bollinger Bands are in a contracting position, with the price operating near the five-day and ten-day moving averages. Currently, the price is approaching the middle band support. If it cannot continue to break through the recent highs today, there is still a risk of a pullback support. The weekend market for Bitcoin is a corrective adjustment, with a decrease in trading volume and an increase in market wait-and-see sentiment. It is necessary to pay attention to future changes in trading volume to confirm the continuation of the trend. In future operations, do not blindly chase highs or sell lows. The operational thinking remains unchanged from yesterday; it is better to wait for clearer market conditions before entering trades.

Short-term Reference for Bitcoin on 10.20:

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for access. The first ten people each day can receive free exit strategies.

Long position: Buy in the range of 67,800-67,300, with a stop loss at 66,300 and a target above 68,300.

Short position: Sell in the range of 69,300-69,800, with a target below 68,800, a stop loss at 70,900.

Short-term Reference for Ethereum on 10.20:

Short position: Sell in the range of 2,741-2,700, with a stop loss at 2,850 and a target below 2,650.

Long position: Focus on the range of 2,620-2,580, with a stop loss of 50 points and a target above 2,660.

The article may have delays in sending, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in your market judgment, always set stop-loss and take-profit levels to secure your gains.

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

This article is exclusively shared by Mr. Coin and represents his unique perspective. The article may have delays in sending, and risks are to be 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 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, and we refuse to plagiarize and respect originality!

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