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 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 suggests that all cryptocurrency friends learn while trading, summarizing both gains 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 Analysis Reference for Bitcoin (BTC) on November 1st

Bitcoin maintained a downward trend overall yesterday, with the previous range of fluctuations being broken. Support has shifted down to around 68100, and the daily chart still shows a weak consolidation. The intraday fluctuation range is continuously compressing. If it breaks below the short-term support of 68800 again, it is expected that the market will retreat further. Mr. Coin advises all cryptocurrency friends to be prepared.

Looking at the short-term four-hour chart, the current price has broken below the Bollinger middle line and touched the lower line. If the rebound does not continue, there is a risk that the previous gains may be completely reversed once the bullish momentum is exhausted. In the 4-hour cycle, the MACD histogram has turned from positive to negative, and the DIF line has crossed below the DEA line, indicating that bearish strength is increasing in the short term. The daily MACD is still positive but shows signs of weakening. The current price is below EMA7 and EMA30, indicating a bearish short-term trend; however, it is still above EMA120, suggesting there is room for a rebound in the long term. It is recommended to short on rebounds and go long on pullbacks.

Short-term Reference for Bitcoin on November 1st:

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the official account (Mr. Coin in the cryptocurrency circle) for access. The first ten people each day can receive free exit strategies.

Long position: Buy in the range of 68100-68600, with a stop loss at 67200 and a target above 70000.

Short position: Sell in the range of 72800-72500, with a target around 71500, and a stop loss at 73900.

Short-term Reference for Ethereum on November 1st:

Short position: Sell in the range of 2601-2640, with a stop loss at 2870 and a target below 2650.

Long position: Focus on the range of 2420-2460, with a stop loss of 50 points and a target above 2520.

There may be delays in sending this article, 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 official account for online technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency circle, 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 not familiar with trading to study and learn together.

This article is exclusively shared by Mr. Coin in the cryptocurrency circle and represents his unique viewpoint. There may be delays in sending the article, and risks are to be borne by the reader. Manage your 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, prepare well, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin in the cryptocurrency circle, and we refuse to plagiarize and respect originality!

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