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.

10.20 Bitcoin (BTC) Market Analysis Reference

Statistics from the Bitcoin cycle show a renewed trend of unilateral upward movement, with an increase of over 6000 points during the week. After recovering the 40000 mark, the market has continued to strengthen, and the short-term market's bullish rebound persists. However, under the recent rebound, the bias of various accounts has subtly changed. Whether the market can further turn optimistic in the future will depend on the direction of news.

Bitcoin rebounded in the morning, breaking through multiple layers of resistance, and the price has shown a recovery posture. Currently, the coin price has surpassed the 110,000 mark, operating around 111,000. Each moving average has shown a counterattack posture, and it is expected that the market will continue above 110,000 for a while. Therefore, our strategy is to short at high points and long at low points. The upper resistance is focused around 112,800, while the lower support is around 107,500. If the market continues to show a strong rebound, breaking the upper resistance, one can consider following up with long positions, but be sure to focus on short-term profits.

10.20 Bitcoin Short-term Reference:

Short position entry point 112800-111800, stop loss at 114800, target below 106800,

Long position entry point 106500-107500, stop loss at 500, defense at 104000, target above 108800,

There may be delays in the article's release, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgments, it is essential to manage take-profit and stop-loss orders properly. For more real-time trading strategies and online technical learning, follow the mentor's public account (Mr. Coin) for access. The first ten daily followers can receive free strategies for resolving positions.

For more real-time trades, you can follow my public account for online technical learning and position resolution. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied extensively in the U.S. to primarily analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are unsure about trading, you are welcome to study and learn together.

Exclusive opinions, there may be delays in the article's release, and risks are to be borne by oneself. 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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