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 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.
10.15 Bitcoin (BTC) Market Analysis Reference
Recently, Bitcoin attempted to break through the 116,000 level but failed, leading to a downward trend. A rebound occurred only after touching around 110,000. The bullish sentiment has slightly warmed up. Currently, the coin price is rebounding around the 112,000 level. On the daily chart, multiple upward movements near the 116,000 level have shown pullbacks, indicating strong resistance in this area. Additionally, there have been multiple pullbacks and rebounds around 110,000 to 111,000, with the overall trend in a wide range of fluctuations. Both bulls and bears have entered a state of stalemate again, so caution is needed as the market may face pressure and retreat to support levels.
On the short-term hourly chart, the Bollinger Bands are narrowing, and the price is slowly testing upward. Although the upward momentum is not strong in the short term, it is in a rebound rhythm. As mentioned in previous articles, if it can break and stabilize above 114,500, the market is expected to test the upper resistance again. The overall trend is currently in a wide range of fluctuations, and the daily strategy is to go short at high points and long at low points. The upper resistance to watch is around 116,000, while the lower support is around 110,000.
10.15 Bitcoin Short-term Reference:
Short entry point 115,200-116,200, stop loss at 117,800, target below 114,500, stop loss: 500.
Long entry point 111,200-110,200, stop loss 500, defend at 109,000, target above 111,800.
There may be delays in article posting, and strategy suggestions are for reference only. The market changes rapidly, so regardless of how confident you are in market judgments, always set take-profit and stop-loss levels. For more real-time 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, and it is important to control positions reasonably. Do not operate with 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. Keep it up!
—— This article is written by Mr. Coin from the cryptocurrency community, no plagiarism, respect originality!
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