Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. 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 increase 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 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 12: Bitcoin (BTC)

Bitcoin bulls are once again gaining strength, with prices breaking through to create a new historical high. Subsequently, the market has rebounded as expected, with prices continuously testing upward. As of the time of this writing, the high has reached the 89,800 position. It was mentioned in previous articles that the election would stimulate significant fluctuations in the cryptocurrency market. It is recommended to buy on dips during this period of mainly one-sided upward trends, primarily for students to learn about indicators, position management, support levels, and resistance levels. Therefore, some fans may have noticed fewer article updates; normal updates will resume later. Congratulations to those who have kept up with this learning.

Looking at the short-term hourly chart, the Bollinger Bands show signs of opening, and the market is maintaining a fluctuating upward trend. The high is once again approaching the 90,000 mark. If it can break through, prices are expected to test the upper 90,000 area again, and all breakouts can be considered for chasing the rise. Conversely, if it cannot break through the 90,000 mark, the market will retreat to the support below. I hope everyone is prepared in advance. It is not recommended to blindly chase the rise before the breakout.

Short-term Reference for Bitcoin on November 12:

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 positions: Buy in the 87,200-87,800 range, defend at 86,000, stop loss at 85,800, target above 85,000.

Short-term Reference for Ethereum on November 12:

Long positions: Sell in the 3,241-3,280 range, defend at 3,100, stop loss at 3,080, target above 3,400.

There may be delays in sending out the articles; the strategy suggestions are for reference only. The market changes rapidly, and regardless of how high your judgment of the market is, always set 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. focusing on analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are unsure about trading, you are welcome to study and learn together.

This article is exclusively shared by Mr. Coin and represents his unique perspective. There may be delays in sending out the articles, 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 keep pushing. 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, no plagiarism allowed, respect originality!

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