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 profits and losses in a timely manner, deepening their understanding of risks, and planning 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 9: Bitcoin (BTC)

Bitcoin continued its high-level fluctuations yesterday and rose steadily, breaking through the 77,000 mark, refreshing the previous high point. The market has seen an increase of over a thousand points, with the high reaching around 77,200, just a step away from the 80,000 mark.

On the daily chart, the price shows a continuous upward trend, with the lows constantly rising and bullish sentiment gradually intensifying. Although there was a pullback in the early hours of the day, the price fell below the 75,500 level. Overall, the upward trend remains strong, and the coin price continues to fluctuate at a high level. Coupled with the alternating rise with Ethereum, as long as the price does not fall below the 75,500 support level during the day, the market is likely to test upward.

On the short-term hourly chart, the process of Ethereum and Bitcoin alternating in strength is observed. The 4-hour MACD is in the positive zone but shows signs of a pullback, indicating potential adjustment pressure in the short term. Both the daily and monthly MACD are in a strong bullish arrangement, supporting a bullish outlook in the medium to long term. However, the momentum is currently starting to weaken. If the 78,000 resistance area cannot be broken in the future, there is a possibility of a pullback to lower support. Therefore, it is not recommended to blindly chase the rise; a steady approach focusing on pullback long positions is preferred.

Short-term Reference for Bitcoin on November 9:

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 74,100-74,600 range, with a stop-loss at 72,500 and a target above 75,300.

Short positions: Sell in the 77,000-77,500 range, with a target near 76,500, a stop-loss at 79,200.

Short-term Reference for Ethereum on November 9:

Short positions: Sell in the 3,040-3,080 range, with a stop-loss at 3,190 and a target below 2,880.

Long positions: Focus on the 2,820-2,860 range, with a stop-loss of 50 points and a target above 2,920.

The article may have delays in sending, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in your market judgment, always set take-profit and stop-loss levels to secure your 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., mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. 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 do not operate with 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 diligently, and be ready to set off at any time. Keep it up!

—— This article is written by Mr. Coin, and plagiarism is refused; respect originality!

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