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 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 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.

Mr. Coin's Analysis Reference for Bitcoin (BTC) on October 4th

The daily price of Bitcoin continues the consolidation from yesterday, with the price testing resistance around 61,300. It has currently pulled back to around 61,000, and the 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.

Looking at the short-term hourly chart, MACD: In the 4-hour cycle, both the fast and slow lines are negative, but the MACD histogram is gradually shortening, which may indicate a weakening of bearish strength and a potential golden cross formation. EMA: The current price is slightly above EMA7 (60,999.84) but still below EMA30 (62,202.70) and EMA120 (62,292.83). There is a short-term demand for a rebound, but the overall trend still requires range correction. The wedge range is continuously compressing, with the high slowly moving down. The short-term trend shows range fluctuations, and attention should still be paid to the breaking situation at the 60,000 mark. Traders should be prepared. One can grasp the high for short and low for long, with the main focus on rebound shorts.

Short-term Reference for Bitcoin on October 4th: For more real-time trading strategies, online technical learning, and exit strategies, please follow the mentor's public account (Mr. Coin) for access. The first ten daily followers can receive free exit strategies.

Long position: Buy in the 59,500-59,000 range, with a stop loss at 58,300 and a target above 60,500.

Short position: Sell in the 61,300-61,500 range, with a target below 60,800, a stop loss at 62,500.

Short-term Reference for Ethereum on October 4th:

Short position: Sell in the 2,441-2,400 range, with a stop loss at 2,550 and a target below 2,360.

Long position: Focus on the 2,280-2,310 range, with a stop loss of 50 points and a target above 2,360.

There may be delays in sending the article, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgment, it is essential to manage take-profit and stop-loss levels properly to secure gains.

For more real-time trades, please 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 coins. 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 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. Let's go!

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

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