Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. 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 improve 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, deepening the understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

11.20 Bitcoin Market Analysis Reference

Currently, in terms of market trends, Bitcoin has once again surged and then retraced. Looking at the 4-hour mid-axis resistance area above, it has tested multiple times without breaking through, indicating that it is still lacking momentum. It is currently in a weak adjustment phase, with key support levels being broken multiple times, so there is no significant possibility of a large drop at this point. Therefore, it is expected that the sideways consolidation will continue for a while. In terms of news, as the cryptocurrency market gradually changes, the short-term impact on prices will not be as significant as in the past.

From the hourly chart, the retracement is still ongoing, and it has already reached a new low. The subsequent rebound is relatively weak, and since the price has not stabilized around the 91000 level, there is a possibility of further decline or continued weak fluctuations. Therefore, it is recommended to focus on short positions during rebounds, with long positions as a supplement when approaching new lows. The resistance above is focused on the 92000-93000 range, while the support below is around the 97300 level.

11.20 Bitcoin Short-term Trading Strategy Reference:

Short entry point 92500-93500, stop loss at 95500, target below 91800,

Long entry point 87300-88300, stop loss at 500, add at 85000, target above 89300,

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. Secure your profits. For more real-time trading strategies and online technical learning, follow the mentor's public account (Mr. Coin Discusses Currency) for access. The first ten people each day can receive free strategies for getting out of positions.

For more real-time trades, you can follow the public account (Mr. Coin Discusses Currency) for access. You can learn technical analysis online and strategies for getting out of positions. 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 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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