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. Additionally, investing is 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 November 5th: Bitcoin (BTC)

Bitcoin has entered a correction trend on the daily chart, with the intraday low approaching the 66800 level. On the hourly chart, the price is operating in the lower area of the Bollinger Bands. Although there has been a rebound, the upper resistance has not been broken, and the trend remains relatively weak. The Bollinger Bands are opening downwards, and as time goes on, the upper resistance continues to decline. If the price cannot break through the daily Bollinger middle axis at 68800 in the short term, there is a possibility of continued downward movement. I hope all cryptocurrency friends are prepared in advance. Our short-term strategy remains cautious, focusing on rebound short positions, and we will follow the trend with light positions if a breakout occurs.

Short-term Reference for Bitcoin on November 5th:

For more real-time trading strategies, online technical learning, and exit strategies, please follow the mentor's public account (Mr. Coin). The first ten people each day can receive free exit strategies.

Long positions: Buy in the 65100-65600 range, with a stop loss at 63200, risking 300 points, targeting above 67000.

Short positions: Sell in the 68200-68700 range, targeting near 67000, with a stop loss at 69900, risking 300 points.

Short-term Reference for Ethereum on November 5th:

Short positions: Sell in the 2460-2490 range, with a stop loss at 2850, targeting below 2650.

Long positions: Focus on the 2240-2260 range, with a stop loss of 50 points, targeting above 2320.

There may be delays in sending messages, and 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, please 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. Please manage your positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans the ability to achieve financial freedom, to move forward together, and to stay motivated. 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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