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 suggests that all cryptocurrency friends learn while trading, summarizing both profits and losses in a timely manner to deepen their understanding of risks and develop 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 October 6: Bitcoin (BTC)

The rebound strength of Bitcoin has weakened during the day, testing the support below in the morning, with the current price around 62000. On the short-term hourly chart, the market is fluctuating near the middle track, and the Bollinger Bands are narrowing. The trend is maintaining a range-bound consolidation, with both bulls and bears in a stalemate. Each moving average is starting to flatten out, and there are no signs of a breakout in the short term. It is expected that the range-bound market will continue for a while, so our strategy is to go short at high points and long at low points.

Short-term Reference for Bitcoin on October 6: For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) to get the addition method: the first ten each day can receive free exit strategies.

Long position: Buy in the 61500-61200 range, with a stop loss at 60300, and a target above 62000.

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

Short-term Reference for Ethereum on October 6:
Short position: Sell in the 2441-2480 range, with a stop loss at 2550, and a target below 2360.

Long position: Focus on the 2380-2350 range, with a stop loss of 50 points, and a target above 2360.

The article may have delays in sending, and the strategy suggestions are for reference only. The market changes rapidly, so regardless of how confident you are in your market judgment, always set take-profit and stop-loss 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 written and shared by Mr. Coin, representing only his unique views. There may be delays in sending the article, and risks are to be borne by the reader. When trading, control your position 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, sharpen your skills, and be ready to set off at any time. Keep it up!

—— This article is written by Mr. Coin, plagiarism is rejected, and originality is respected!

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