Mr. Coin in the Crypto Circle: 10.26 Bitcoin and Ethereum latest market analysis reference, along with operational ideas.

CN
2 days ago

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 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 should learn while trading, summarizing both gains and losses in a timely manner to deepen their understanding of risks and to plan a 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 10.26

Yesterday, Bitcoin continued to fluctuate upward, with the price rising to around 68,800. The daily fluctuation was nearly 3,000 points. Subsequently, it faced pressure and tested the strength of the support below, rebounding at 67,200. As of today, the market has not stabilized, with the price fluctuating back and forth. In the early morning, the price again experienced a pullback, currently retreating to the low of around 66,000, with the current price rebounding near 67,200.

On the daily chart, a large bearish candle closed yesterday. Although the market is currently under pressure and has pulled back, the overall upward momentum has weakened. If the price can rise again and stabilize above 68,000, the market is expected to further advance towards 70,000. However, the current bullish trend lacks sufficient follow-up supply, and the market pullback has swallowed the gains from last night. The low has already touched the key support at 66,000. If it breaks below this level again, the price is expected to further test around 65,400.

On the short-term hourly chart, although the market has rebounded after a pullback, the upward momentum is not strong, and there are signs of pressure in the current trend. The price has not been able to break through the mid-band resistance. There is still a risk of a pullback testing the support below, and the overall trend leans towards fluctuation, so it is advisable to operate with high shorts and low longs.

Short-term Reference for Bitcoin on 10.26:

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.

Long position: Buy in the range of 65,300-64,800, with a stop loss at 63,500 and a target above 66,000.

Short position: Sell in the range of 67,800-67,300, with a target near 66,500, a stop loss at 68,900.

Short-term Reference for Ethereum on 10.26:

Short position: Sell in the range of 2,561-2,600, with a stop loss at 2,750 and a target below 2,500.

Long position: Focus on the range of 2,400-2,360, with a stop loss of 50 points and a target above 2,460.

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 manage your take profit and stop loss properly to secure your 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. to primarily analyze and guide 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 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 well, 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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