Cryptocurrency trading is a long-term plan; it is not about immediate results, 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 should learn while trading, summarizing both profits 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 10.30
Yesterday, Bitcoin broke out and moved strongly upward, with a price increase of over three thousand points within a short time, reaching around 73660 at its peak, where the upward momentum paused. Although there was some upward movement from the opening high during the day, the historical high has not yet been broken, and currently, there is a slight pullback entering a high-level consolidation. If the 72000 level cannot be broken down for a long time, there is a possibility of further upward movement.
From the daily chart, yesterday's large bullish candle closed, opening the gap at the upper Bollinger Band, and bullish sentiment is warming up. Currently, the market still leans towards upward movement, but there is insufficient supply afterward, and pressure is appearing around the high of 73660. The price is currently running near the 72350 position during the pullback, but the overall direction remains unchanged. The short-term trend is in a corrective adjustment, and for stable daily operations, it is advisable to buy on the pullback. If a new high is broken, one can choose to enter with a light position to capture short-term profits.
Short-term Reference for Bitcoin on 10.30:
For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) to get the addition method: the first ten each day can receive free exit strategies.
Long position: Buy in the 71600-72000 range, with a stop loss at 70300, and a stop loss at 70000, targeting above 73000.
Short position: Test short in the 74500-75000 range, targeting below 62700, with a stop loss at 76000.
Short-term Reference for Ethereum on 10.30:
Long position: Sell in the 2541-2500 range, with a stop loss at 2400, targeting above 26500.
Short position: Focus on the 2740-2780 range, with a stop loss of 50 points, targeting below 2560.
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 profits.
For more real-time trades, you can follow my public account to access online technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have often pursued further education 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. When trading, it is crucial 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, sharpen your skills, 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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