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 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.
10.10 Bitcoin (BTC) Market Analysis Reference
Bitcoin's intraday trend remains weak and volatile. The current trend is running as expected, with yesterday's price breaking down to a low of 11,956,004. The volatility range has been broken, leaning towards a downward trend. The focus will be on the support at the 120,000 level; if it breaks, there is a possibility of a further pullback, so the breakdown can be used to seize short-term short profits.
Looking at the short-term hourly chart, with this wave of breakdown and plunge, the current rebound strength is weak, and the trend is leaning downwards. We can simply follow the trend to short. Pay attention to the resistance area at 122,000 during the rebound, with short-term support at 120,000 and then at 119,000.
10.10 Bitcoin Short-term Reference:
Short entry point 122,800-121,800, stop loss at 124,800, target below 121,000 with a stop loss of 500.
Long entry point 119,000-120,000, stop loss 500, defend at 117,500, target above 120,500.
There may be delays in article posting; strategy suggestions are for reference only. The market changes rapidly, and no matter how high your judgment of the market is, always set your take profit and stop loss. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for ways to add: the first ten each day can receive free exit strategies.
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 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 delays in article posting, 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 circle, no plagiarism, respect originality!
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