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 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 profits and losses in a timely manner, deepening the understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.
10.21 Bitcoin (BTC) Market Analysis Reference
The intraday market has once again entered a consolidation phase. Recently, as the price has not broken through again, market enthusiasm has begun to wane, and some funds have taken profits, leading to further sluggish price movements. The news from the cryptocurrency world is concerning.
Bitcoin's intraday market is under pressure and has shown a pullback. The bullish sentiment has weakened, and the price is continuously testing lower levels, currently operating at the 110600 position. The upward movement has been completely swallowed by the intraday gains, and the short-term support at the 110000 level has already been broken. Looking at the short-term hourly chart, the price rebound is once again under pressure, giving a pullback signal in the short term. Therefore, there is a risk of further downward movement, and it is advisable for everyone to prepare in advance. Currently, the trend is leaning downward, so it is recommended to focus on short positions during rebounds, with long positions as a supplement. Pay attention to the short-term resistance at 112000-111500 above, and the support at the 11000 midline below.
10.21 Bitcoin Short-term Reference:
Short position entry point 112500-111500, stop loss at 114800, take profit target below 111800.
Long position entry point 107500-108500, stop loss at 500, add to position at 105000, take profit target above 109500.
The article is sent with a delay; the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident one is in market judgment, it is essential to manage take profit and stop loss properly. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for addition methods: the first ten each day can receive free exit strategies.
For more real-time trades, you can follow my public account for online market technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency world, and have studied extensively in the U.S. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are not familiar with trading, you are welcome to study and learn together.
Exclusive views, the article is sent with a delay, risks are self-borne, 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 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, sharpen your skills, and be ready to set off at any time. Let's go!
—— This article is written by Mr. Coin from the cryptocurrency world, no plagiarism, respect for originality!
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