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 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 gains 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 10.17

Yesterday, Bitcoin continued its upward momentum, successfully breaking through the 68,000 level. The price showed a slight increase after breaking upward, but the upward momentum has paused, with the price facing resistance around 68,450. During the day, there was a slight pullback that tested the strength of support at the 67,000 level. Overall, the trend remains upward, and recently the market has shown a one-sided rise. Although there has been strong pullback pressure in the short term, the overall direction remains unchanged.

From the daily chart, the bullish candle from yesterday keeps the upper Bollinger Band gap open, and bullish sentiment continues. Currently, the market still leans towards an upward trend, but there is insufficient supply moving forward, with resistance appearing near 68,450. The price is currently running below 68,000, maintaining a range-bound consolidation. The overall direction remains unchanged. For stable operations during the day, it is advisable to buy on pullbacks. If the price breaks upward, one can choose to enter with a light position to capture short-term gains.

Short-term Reference for Bitcoin on 10.17:

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.

For long positions, buy in the 66,500-66,000 range, with a stop-loss at 64,500 and a target above 67,000.

For short positions, lightly short in the 70,000-69,600 range, with a target below 69,000, a stop-loss at 71,600.

Short-term Reference for Ethereum on 10.17:

For short positions: short in the 2,761-2,800 range, with a stop-loss at 2,930 and a target below 2,700.

For long positions, focus on the 2,550-2,590 range, with a stop-loss of 50 points and a target above 2,630.

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

For more real-time trades, you can follow my public account for access. You can learn online about market techniques, 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 borne by the reader. It is important to control 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 it up!

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

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