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 suggests that all cryptocurrency friends 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 Bitcoin (BTC) on 10.18

The bullish sentiment for Bitcoin during the day is weak, and the upward price momentum has diminished. The market has entered a high-level consolidation after a pullback, with a low point around 66600, which is the support position of the four-hour middle track, leading to a rebound. Subsequently, it faced resistance near 67700. Currently, the price is running around 67000, with both bulls and bears in a stalemate. It is expected that the oscillating market will continue for some time.

Looking at the short-term hourly chart, the Bollinger Bands are in a contracting position, with the market pullback running near the middle track. MACD: In the four-hour cycle, both the fast and slow lines are trending downwards, and the MACD histogram shows green bars. EMA: The current price is above EMA7 but close to EMA30. If it breaks below EMA30, it may further test the EMA60 support. The strength of the price rebound is weakening, and there is still a risk of a pullback in the short term, so it is not recommended to blindly chase the price. Overall, Bitcoin's trend is a wide oscillation, so it is advisable to buy low at high points.

Short-term Reference for Bitcoin on 10.18:

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 daily followers can receive free exit strategies.

For long positions, buy in the range of 65500-65000, with a stop loss at 63800 and a take profit target above 66500.

For short positions, sell in the range of 67500-68000, with a target below 67000, a stop loss at 69600.

There may be delays in sending messages, and 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 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, 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!

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