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 gains and losses in a timely manner, deepening the understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

11.17 Bitcoin Market Analysis Reference

Bitcoin faced multiple obstacles near the 9700 position yesterday before quickly dropping. Subsequently, the bullish momentum weakened, and the gains began to gradually retract. Currently, after breaking below the 95000 line, it continues to decline as expected, with the daily chart entering a weak pattern. The short-term trend continues to show weak fluctuations, with lows approaching 93670 again. If this area is broken, it is expected to further decline, so all cryptocurrency friends should prepare in advance.

From the short-term four-hour chart, the trend shows consecutive declines, and the price has broken and maintained a downward channel, currently operating at the 94200 position. The short-term rebound strength is not strong, and if it cannot break through the mid-axis resistance, further price declines are expected. Therefore, it is not advisable to blindly chase long positions in the current trend; caution is advised as prices may drop again. The current trend is in a downward fluctuation, and the recent rebound has been swallowed, so it is recommended to focus on short positions during rebounds, with light long positions as a supplement. The upper resistance is at the 96500-9700 position, while the lower support is at the 93500 line.

11.17 Bitcoin Short-term Trading Strategy Reference:

Short position entry point 96500-97500, stop loss at 99500, target below 95800,

Long position entry point 92800-93800, stop loss at 500, defend at 91000, target above 94300,

There may be delays in article posting, and 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. Secure your profits; for more real-time trading strategies daily, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin Discusses Currency) for access: the first ten each day can receive free exit strategy advice.

For more real-time trades daily, you can follow the public account (Mr. Coin Discusses Currency) for access. You can learn online about market techniques, 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 and guiding 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 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. Let's go!

—— This article is written by Mr. Coin from the cryptocurrency community, no plagiarism, respect originality!

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