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 the understanding of risks, and planning the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.
10.18 Bitcoin (BTC) Market Analysis Reference
The Bitcoin price daily chart has once again closed in the red, with the overall range slowly moving downwards. Currently, the low is approaching the 103500 position, but it has not broken downwards. The trend remains in a weak oscillation. If it breaks the support in the future, the short-term consolidation pattern will be disrupted. Be aware that short-term market reversals can happen quickly, so risk control and profit management are essential.
Looking at the short-term four-hour chart, the trend is in a repair adjustment. The rebound in the early morning did not break the upper resistance, and the price remains below the four-hour midline, currently operating around the 107000 position. The price is maintaining a repair state today, and the current trend is weak, with the market in a correction cycle. If it breaks the lower support position, there is a risk of further decline. Therefore, the short-term strategy remains focused on rebound short positions, and the current trend indicates to pay attention to the resistance area of 109000-108500.
10.18 Bitcoin Short-term Reference:
Short position entry point 108500-109500, stop loss at 110800, take profit target below 106800.
Long position entry point 103500-104500, stop loss at 500, defend at 102000, take profit target above 105800.
The article is sent with a delay, and the strategy suggestions are for reference only. The market changes rapidly, and no matter how high the confidence in market judgment is, always set stop-loss and take-profit levels. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for the addition method: the first ten each day can receive free exit strategies.
For more real-time trades daily, you can follow my public account. 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 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 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, move forward together, and 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 current 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 circle, refusing to plagiarize and respecting originality!
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