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 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 gains 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.

10.12 Bitcoin (BTC) Market Analysis Reference

After a significant market drop, due to the extreme volatility in the cryptocurrency market, many investors faced liquidation, leading to tense market sentiment and turmoil. Currently, looking at Bitcoin's market, the price experienced a sharp drop, touching the 101,500 line before rebounding. The short-term pattern has begun to enter a phase of repair and consolidation, with prices fluctuating within a range above 110,000. After this significant drop, many cryptocurrency friends have asked me whether it is a good time to buy the dip and when to enter the spot market. Here, I would like to respond uniformly: the current trend is still in a rebound and repair phase, with no signs of an upward counterattack. Therefore, although a rebound of several thousand points has occurred in the short term, as long as the price rebound does not break the 113,500-115,000 area, it will be difficult for the price to have significant upward space in the short term, let alone reverse the current downward trend and return to the bull market everyone hopes for. Currently, the trend is still relatively weak in the short term, and the market is also facing resistance to a significant decline. If it breaks below the key support level, it is very likely to continue the previous strong downward trend, and a significant decline in price is also possible.

Therefore, in such a market trend, we should focus on light trading in the short term. Those who are more conservative can consider entering the market when there is a rebound or a breakout, but it is crucial to grasp profits in a timely manner. Friends trading in the spot market can temporarily pay attention to the support at the 103,000 line. If it does not quickly break below, they can consider entering with a light position to capture swing profits. Lastly, I want to remind everyone that no matter how confident you are in your judgment of future market trends, it is essential to manage risk effectively.

10.12 Bitcoin Short-term Reference:

Short position entry point 113,800-112,800, stop loss at 115,000, target below 112,000.

Long position entry point 110,200-109,200, stop loss at 500, defend at 106,500, target above 111,000.

The article may be delayed 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 stop-loss and take-profit levels. For more real-time trading strategies and online technical learning, you can follow the mentor's public account (Mr. Coin) for ways to add: the first ten people each day can receive free strategies for getting out of positions.

For more real-time trades, you can follow my public account for online technical learning, getting out of positions, etc. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied in the U.S. multiple times, mainly analyzing and guiding 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 may be delayed in sending, and risks are borne by yourself. Manage your positions reasonably, and do not trade with heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, moving forward together. 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 from the cryptocurrency circle, no plagiarism, respect originality!

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