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 losses in the short term, 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 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.

10.23 Bitcoin (BTC) Market Analysis Reference

After Bitcoin reversed and faced resistance yesterday, the price has been declining from around 114,000, breaking below the 110,000 mark during the day, and the downward trend has continued. The current price is operating at around 118,200.

The short-term support has been broken, and the price has reversed back below 110,000. The focus now is on the 106,500 area; if this level is broken, it indicates that the bears have further opened up, and there is a risk of further downward movement. If the level is broken, one can follow up with short positions. Conversely, if there is a pullback that does not break below, the market is expected to oscillate around the 110,000 mark. However, be aware that if the rebound does not stabilize at the 110,000 position, the short-term weak selling oscillation pattern will remain unchanged. Therefore, it is advised to prepare for short positions.

10.23 Bitcoin Short-term Reference:

Short entry point 110,500-111,500 for shorts, stop loss at 115,800, target below 109,500.

Long entry point 106,500-107,500 for longs, stop loss at 500, defend at 104,000, target above 108,500.

There may be a delay in sending this article; the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgments, stop-loss and take-profit measures must be in place. 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 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. focusing on analyzing 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 opinions, there may be a delay in sending this article, 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, 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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