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 should learn while trading, summarizing both gains 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 7: Bitcoin (BTC)

The morning market for Bitcoin suddenly broke out strongly. The current price has already broken the short-term resistance at 64,000, and the upward momentum has weakened in the short term. We will focus on the 64,000 resistance area; if it can break through today, the short-term trend will shift from weak to strong, and the price is expected to rise further. However, there has not yet been an upward breakthrough, so our strategy remains to short on rebounds. If it stabilizes above the resistance area, then the short-term strategy will reverse. The support below is around the 61,700 position. The price is fluctuating within the range of 62,000 to 64,000, forming a consolidation pattern. The daily K-line shows some long upper and lower shadows, indicating fierce competition between bulls and bears. MACD: In the 4-hour cycle, both the fast and slow lines are positive and gradually rising, with the MACD histogram showing red, indicating that the market still needs to repair this picture in the short term, but beware of divergence risks. It is recommended to maintain light short positions on rebounds before a breakthrough.

Short-term Reference for Bitcoin on October 7:

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

Long positions: Buy in the range of 61,800-61,500, with a stop loss at 60,800 and a target above 62,500.

Short positions: Sell in the range of 64,300-63,800, with a target below 62,800, a stop loss at 64,900, and a stop loss of 300.

Short-term Reference for Ethereum on October 7:

Short positions: Sell in the range of 2,541-2,500, with a stop loss at 2,650 and a target below 2,460.

Long positions: Focus on the range of 2,380-2,350, with a stop loss of 50 points and a target above 2,360.

The article may have delays in sending, and the strategy suggestions are for reference only. The market changes rapidly; 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 coins. I welcome all cryptocurrency friends who are not familiar with 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. 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, sharpen your skills, 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。