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 increase the win rate. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends should 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.

Mr. Coin's Cryptocurrency Market Analysis Reference for Bitcoin (BTC) on October 3rd

Bitcoin's intraday market continues the consolidation from yesterday, with bulls and bears pulling back and forth. The overall downward trend has not dissipated, with the price testing resistance around 62100 multiple times before retreating to around 61000. The support at the 60000 level has not been broken, and the recent short-term rebound strength is still acceptable. Therefore, Mr. Coin suggests that although the market is leaning towards a downward trend, it is not advisable to blindly short before the support is broken.

From the short-term hourly chart, the wedge pattern is continuously compressing, with the highs slowly moving downwards. MACD: Currently in the negative zone, with both the fast and slow lines diverging downwards, indicating a strong bearish trend. EMA: The price is currently running below EMA7, with EMA7 < EMA30 < EMA120, showing a typical bearish arrangement. The short-term, medium-term, and long-term trends are all leaning towards weakness. The weekly chart has now broken below the middle track support, and the previous rebound is gradually being engulfed. The short-term trend shows weak fluctuations. If the support at the 60000 level is broken, the market may further move towards the 58000-59000 range. Mr. Coin advises that for trading, a steady approach is better, whether to short on a rebound or not, and to pay attention to timely profit-taking.

Short-term Reference for Bitcoin on October 3rd: For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for access. The first ten people each day can receive free exit strategies.

Long position: Buy in the 58500-59000 range, with a stop loss at 57300, and a target above 59500.

Short position: Sell in the 61300-61500 range, with a target below 60800, and a stop loss at 62500.

Short-term Reference for Ethereum on October 3rd:

Short position: Sell in the 2441-2400 range, with a stop loss at 2550, and a target below 2360.

Long position: Focus on the 2160-2190 range, with a stop loss of 50 points, and a target above 2260.

There may be delays in sending this article, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in your market judgment, always set stop-loss and take-profit levels to secure your gains.

For more real-time trades, 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 space, and have studied extensively in the U.S. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

This article is exclusively shared by Mr. Coin and represents his unique perspective. There may be delays in sending the article, and risks are to be borne by the reader. Please manage your positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to keep striving. 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. Keep going!

—— This article is written by Mr. Coin, and we refuse to plagiarize and respect originality!

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