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 a correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

10.1 Bitcoin (BTC) Market Analysis Reference

Bitcoin's trend today started with a pullback leading to a rebound, touching the 112600 position mentioned in yesterday's article, and then the price rebounded back above 114000. The short-term market has again entered a stalemate, and as of the latest trend, there are no signs of breaking upwards again, and this rebound has not surpassed yesterday's high resistance. If the bullish momentum weakens, the price will inevitably pull back to the day's low support, so all cryptocurrency friends should prepare in advance.

From the short-term hourly chart, the Bollinger Bands are in a contracting posture. Although the price has made a rebound of over a thousand points during the day, the trend still remains within the daily midline area. Currently, the coin price is operating near the upper midline, and the short-term pattern leans towards strength. However, attention needs to be paid to whether it can stabilize above the daily midline. The upper midline resistance is slowly moving downwards, and if it fails to effectively stabilize above the midline, breaking the downward-moving midline resistance, then a further decline in price will be highly probable. The lower support still focuses on the 112500 line; if it breaks, a significant correction is expected. Friends looking to short should pay attention to this position.

10.1 Bitcoin Short-term Reference:

Short entry point 114500-115500, stop loss at 117800, target below 113500,

Long entry point 111800-112800, stop loss 500, defend at 110500, target above 113300,

There may be a delay in the article's release; the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgment, 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 mentor's public account (Mr. Coin) for access. The first ten daily followers 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 space, and have studied extensively in the U.S., mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. Friends who are not familiar with trading are welcome to study and learn together.

Exclusive opinions, there may be a delay in the article's release, 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, 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 community, no plagiarism, respect originality!

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