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 advises all cryptocurrency friends to 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 10.28

Yesterday, Bitcoin's market showed a rebound, with prices breaking through the 68,000 level. However, the subsequent bullish supply was insufficient, and the trend did not stabilize for further upward movement. The daily support level is slowly rising, and the focus should be on the short-term resistance between 68,500 and 69,000. If it does not break through, the market will continue to adjust. All cryptocurrency friends are advised not to blindly chase long positions and to be cautious of price pressure leading to a retraction of support.

Looking at the short-term hourly chart, the Bollinger Bands are narrowing, indicating a test, and the bullish momentum is weakening. Currently, the price is operating at 67,700, in a phase of adjustment. The short-term has touched the daily middle track and rebounded, with the lower support not being broken. Both bulls and bears are starting to become entangled, and all moving averages and auxiliary indicators are flattening out. It is expected that the consolidation will continue for a while. In terms of operations, it is recommended to short at high prices and long at low prices.

Short-term Reference for Bitcoin on 10.28:

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.

Long positions: Buy in the range of 66,200-66,700, with a stop loss at 64,800 and a target above 67,500.

Short positions: Sell in the range of 68,300-68,800, with a target below 67,700, a stop loss at 69,600.

Short-term Reference for Ethereum on 10.28:

Long positions: Buy in the range of 2,441-2,400, with a stop loss at 2,300 and a target above 2,500.

Short positions: Focus on the range of 2,540-2,580, with a stop loss of 50 points and a target below 2,460.

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 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 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. It is important to manage 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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