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 advises all cryptocurrency friends to 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.

11.10 Bitcoin (BTC) Market Analysis Reference

Bitcoin has rebounded again after a pullback during the day, with the current price returning to above 104,000, breaking the weak oscillation pattern. The price has risen by nearly 4,000 points, returning to an upward trend, thanks to two waves of capital inflow in the morning. As mentioned in previous articles, the strong reversal of the short-term trend is mostly due to changes in capital and the impact of news.

In the short term, the Bollinger Bands are opening up, with the price near the middle band. Although the rebound strength has weakened, the upward trend remains unchanged, and support is slowly moving up. If it can stabilize around the 4-hour middle line during the day, it is highly likely to test upward again, so the suggested strategy is to focus on long positions during pullbacks. The upper resistance is at the 105,000 area, while the lower support is at the 102,500 position.

11.10 Bitcoin Short-term Reference:

Short position entry point 105,500-106,500, stop loss at 107,500, target below 103,800.

Long position entry point 102,500-101,500, stop loss at 500, add at 98,500, target above 103,500.

There may be delays in article posting, and the strategy suggestions are for reference only. The market changes rapidly, and no matter how high the confidence in market judgment is, it is essential to manage take-profit and stop-loss effectively. Secure your profits. For more real-time trading strategies and online technical learning, follow the mentor's public account (Mr. Coin Discusses Currency) for addition methods: the first ten each day can receive free strategies for resolving positions.

For more real-time trades, you can follow my public account for online market 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. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

Exclusive opinions, article posting may be delayed, 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 cheer each other on. 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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