Cryptocurrency trading is a long-term plan; it is not about immediate results, 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 is 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 operating, summarizing both gains and losses in a timely manner to deepen their understanding of risks and to plan a correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

In this golden autumn of October, we celebrate the birthday of our great motherland—National Day. On this festive day, Mr. Coin sends his sincerest blessings to everyone.

May our country prosper and thrive, like the brilliant stars illuminating our path forward. May we, on our journey in the cryptocurrency world, continue to rise like our motherland, reaping abundant wealth and achievements.

On the occasion of National Day, I hope everyone can pause their busy steps, relax, and enjoy this wonderful time with family and friends. Whether in the ever-changing cryptocurrency market or in the mundane daily life, always remember to maintain an optimistic and positive mindset.

Looking back, we have experienced ups and downs together in the cryptocurrency world, with surprises and setbacks. But it is these experiences that have allowed us to grow and become stronger. In the days to come, let us continue to move forward hand in hand, facing every challenge with wisdom and courage.

Finally, I wish everyone a happy National Day, good health, family happiness, and abundant wealth! Let us strive together for a better future.

Mr. Coin's Analysis Reference for Bitcoin (BTC) on 10.1

Bitcoin has entered a correction phase on the daily chart, currently touching the low around 63,000. The short-term market is maintaining a weak downward trend, and further declines are expected. The news is mixed, and the short-term pattern is unclear, leading to recent market fluctuations. The overall target remains unchanged. From the recent trends, the short-term movement is complex, mainly due to profit-taking from the previous wave of funds and the intertwining of negative and positive external market conditions. There is significant internal disagreement in the cryptocurrency market, which has resulted in a lack of consensus in the overall market structure. Mr. Coin advises that recent entry operations must control risks and be cautious of losses caused by market reversals.

Bitcoin has entered a correction trend on the daily chart, with the intraday low approaching the 63,000 line, and the intraday drop has reached nearly 3,000 points. On the hourly chart, the price is operating in the lower Bollinger Band area, and no rebound signals have appeared yet. The current trend is still relatively weak. The Bollinger Bands are opening downwards, and as time goes on, the upper resistance continues to move down. If the price cannot break through the 64,000 line in the short term, there is a possibility of a pullback support. The MACD fast and slow lines have formed a death cross, and the histogram continues to expand. The current price is below EMA7, EMA30, and EMA120, indicating a bearish arrangement for short-term, medium-term, and long-term moving averages, with market bearish strength increasing. I hope all cryptocurrency friends are prepared in advance. Our short-term strategy remains cautious, focusing on rebound short positions, and following the trend with light positions if broken.

Short-term Reference for Bitcoin on 10.1: Daily more real-time trading strategies, online technical learning, and exit strategies can be followed on the mentor's public account (Mr. Coin) for access. The first ten daily participants can receive free exit strategies.

Long positions: Buy in the 61,500-62,000 range, with a stop loss at 60,500 and a target above 62,500.

Short positions: Sell in the 63,600-64,000 range, with a target below 62,500, a stop loss at 64,800.

Short-term Reference for Ethereum on 10.1:

Short positions: Sell in the 2,601-2,630 range, with a stop loss at 2,750 and a target below 2,530.

Long positions: Focus on the 2,480-2,510 range, with a stop loss of 50 points and a target above 2,580.

The article may have delays in sending, and 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 to secure profits.

For more real-time trading strategies daily, you can follow my public account for online technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency world, and have studied extensively in the U.S. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. I welcome cryptocurrency friends who are unsure about trading to study and learn together.

This article is exclusively shared by Mr. Coin and represents his unique views. There may be delays in sending the article, and risks are to be borne by the reader. Please control your positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to strive hard. 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, no plagiarism, respect for originality!

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