Cryptocurrency trading is a long-term plan; it is not about immediate results, so one should not be overly anxious. Even if there are short-term losses, 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 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 Cryptocurrency Market Analysis Reference for October 5th: Bitcoin (BTC)

Recently, Bitcoin has shown strong volatility, and the risk of entering the market is somewhat higher than usual. Therefore, it is recommended that those trading short-term plan their positions wisely. Sometimes, decisive action is necessary; otherwise, one may be thrown into chaos.

Currently, the market is experiencing a rise followed by a pullback, with prices declining by nearly a thousand points. The daily increase is gradually being retraced, and the short-term price is entering a phase of consolidation. Therefore, we should be cautious of prices dropping again. On the hourly chart, the price has broken through the middle band. If there is no strong rebound to bring the price back above the middle line of the Bollinger Bands, MACD: In the 4-hour cycle, both the fast and slow lines are negative, but the MACD histogram is gradually shortening, indicating a weakening of bearish strength. The current price is above EMA7 but close to EMA30, while EMA120 is still below. There is a short-term rebound trend, but attention should be paid to the pressure from EMA30. Further price declines are likely, so in case of a breakout, consider trading high on the upper range and low on the lower range.

Short-term Reference for Bitcoin on October 5th:

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the official account of Mr. Coin (币圈币先生) to get the addition method: The first ten each day can receive free exit strategies.

Long position: Buy in the range of 60500-60900, with a stop loss at 59300, and a target above 61500.

Short position: Sell in the range of 62300-62800, with a target below 61800, and a stop loss at 63500.

Short-term Reference for Ethereum on October 5th:

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

Long position: Focus on the range of 2280-2310, with a stop loss of 50 points, and a target above 2360.

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 official account to access 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 those who are unsure about trading to study and learn together.

This article is exclusively written and shared by Mr. Coin and represents his unique perspective. There may be delays in sending the article, and risks are borne by the reader. 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 diligently, 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!

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。