Gold Mining Benefit God: Bitcoin Analysis on 10.22, Reached a Peak and Receded, Where Should Trend Operations Go from Here?

CN
2 months ago

Preface

Cultivation is about releasing one's body and mind, and trading itself is a part of that cultivation. Investing is not a race, nor is it about winning or losing in a particular wave; it is a journey. One must learn to appreciate every segment of the scenery, rather than gritting their teeth, shedding tears, and trading with a fierce look! The market's door is always open to everyone; if you come, it opens for you; if you don't, it remains open! It's that simple.

Recently, friends who are involved in digital currency have consulted me, and most of the questions fall into two categories: Where can I enter the market? What should I do if I'm stuck in a position? I want to say that this reflects a failure to recognize the reality; if the market is a "leek" (a term for inexperienced traders), who else would be cut? I suggest that friends who trade digital currencies adopt a different mindset to view the market.

We cannot capture every trading opportunity in this market because not every opportunity is suitable for you. Everyone must assess the situation based on their own financial foundation. Moreover, trading opportunities should align with the normal rhythm of our lives and work, within the limits of our time and energy. We can only seize opportunities that fall within our capabilities and the time and energy we have. Trading is just a part of life; if you miss this time, there will be another, and another after that. We summarize our experiences to accumulate skills for the next trade!

A person always looks up to and envies the happiness of others, but when they turn around, they find that they are being looked up to and envied by others. No matter how hard you try today, you cannot stop the falling leaves of tomorrow! However, if you do not trade with calmness, care, and peace of mind, you will never respect the anxious and restless version of yourself from yesterday! The rise and fall of prices are validations of judgment; do not let them become obstacles that hinder your steps! A teacher must analyze and share their thoughts in their social circle every day, and they are generally very busy, treating every investor with seriousness and responsibility. If you truly want to learn, it requires your initiative.

10.22 Bitcoin Market Analysis

Yesterday, the daily closing was an entity bearish candle, with the closing price within the daily support range. Although the short-term trend is slightly bearish, the daily level support has not broken the bullish trend support, so there is a possibility of a rebound during the day. Therefore, during the day, I am more optimistic about a high-level consolidation and warming up, while the evening is inclined to continue the decline. The only thing to note is the strength of the intraday rebound; pay attention to the short-term pressure range of 68500-68800 and see if it can break through. If it does not break, consider going short.

10.22 Bitcoin Trading Strategy Reference

Short Position: Enter short positions in the range of 68500-68700, with an average price stop loss of 500 points. Look to reduce positions at 67200, and continue to exit in batches at the breakeven point of 66200. [The extreme target is 65500]. If the bullish momentum during the day is insufficient, consider entering early around 68200.

Long Position: During the day, if there is a short-term pullback near 66900, consider entering light long positions, with the stop loss set at the previous low, targeting 67600-68200. [Before 6 PM].

Conclusion

In fact, trading in the cryptocurrency market is a long-term process. A temporary loss does not represent much, but I want to remind all friends that while pursuing profits, risk should be the first thing we consider. Only by controlling risk can we ensure long-term stable profits. At the same time, all friends in the cryptocurrency market must strengthen their own learning; mastering some basic market analysis skills and trading strategies is essential. This way, you can have your own insights and better establish yourself in this market!

In the process of entering the market, there will always be some external factors we must overcome. We must endure loneliness, resist temptation, see through traps, and seize opportunities. Whether you have previously incurred losses or are stuck in positions, I hope my analysis can provide you with clear goals and profits. May we move forward together; regardless of your past losses or gains, I hope that in the future, you can flourish step by step, ride the trend, and achieve continuous profits. If you have any questions about market trends, feel free to ask the teacher. While we operate for profit, we can also learn about market operations together!

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