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 suggests that all cryptocurrency friends learn while trading, summarizing both profits and losses in a timely manner, deepening their understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

11.23 Bitcoin Market Analysis Reference

Bitcoin's intraday market continues to fluctuate within a range, with the price testing the resistance near 85000 multiple times. Currently, the price is fluctuating around 84400, and the upward trend has not broken the upper resistance. The market is maintaining a consolidation after a high pullback. The key focus for the day is on the breakout and stabilization around the 85000-86000 points. If the breakout occurs, the increase is expected to continue; otherwise, the weak market trend will persist. I hope everyone is prepared for long positions.

From the short-term hourly chart, the Bollinger Bands are narrowing, and the price has repeatedly tested the 83000 level, showing a rebound. This indicates that there is strong support in this area. Currently, the market is in a consolidation phase, operating in the middle-lower band area, but the upward momentum is weakening. Therefore, it is recommended to short at high prices and long at low prices. The upper resistance is around 86500, and the short-term support to watch below is 82500, followed by the 80000 level.

11.23 Bitcoin Short-term Trading Strategy Reference:

Short entry point 85800-86800, stop loss at 89500, take profit target below 84000.

Long entry point 80300-81300, stop loss at 500, add position at 78000, target above 82300.

There may be delays in article posting, and strategy suggestions are for reference only. The market changes rapidly, and no matter how high your judgment of the market is, always set your take profit and stop loss. Secure your profits. For more real-time trading strategies and online technical learning, you can follow the mentor's public account (Mr. Coin Discusses Currency) for ways to add: the first ten each day can receive free strategies for breaking even.

For more real-time trades, you can follow the public account (Mr. Coin Discusses Currency) to access online market technical learning, breaking even, 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 not familiar with trading, you are welcome to study and learn together.

Exclusive opinions, there may be delays in article posting, risks are self-borne, manage your positions reasonably, and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, moving forward together. 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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