Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, 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 is 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 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 Bitcoin (BTC) on November 3rd

Over the weekend, Bitcoin has maintained a wide range of fluctuations. Regardless of whether the price rises or falls, the oscillating market will continue for a certain period, and we are currently in this time frame. Therefore, our short-term strategy remains to sell high and buy low.

Looking at the short-term hourly chart, 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 the EMA7 and EMA30, indicating a bearish short-term trend; however, it is still above the EMA120, suggesting a bullish long-term trend. For the day, we should focus on the support level of the daily Bollinger middle line, so the strategy remains to primarily look for rebound short positions.

Short-term Reference for Bitcoin on November 3rd:

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 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 71000-71500, with a target near 70000, and a stop loss at 72900.

Short-term Reference for Ethereum on November 3rd:

Short position: Sell in the range of 2560-2590, 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 messages, and the strategy suggestions are for reference only. The market changes rapidly, so regardless of how confident you are in your market judgment, always set your 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. 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. 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, no plagiarism allowed, respect originality!

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