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 increase 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 November 8: Bitcoin (BTC)

Recently, due to various market news, the market has been extremely sensitive and tense, causing prices to fluctuate violently in the short term, dropping below 100,000 at one point. In such a market, blindly entering is mostly a loss. Currently, the market is slightly recovering, with prices returning above the 100,000 line. The trend is changing rapidly, and recent operations suggest that everyone should reasonably control risks and manage their positions well. The news is mixed, with both bullish and bearish sentiments intertwined.

Bitcoin briefly broke the key support of 100,000 during the day, but the subsequent decline weakened, and short-term prices began to recover. Currently, the price is rebounding around 103,500. The market is oscillating back and forth, returning to the previous range of fluctuations, and there is still a trend of correction in the short term. Therefore, it is not recommended to go long at the current price; it is better to wait for a correction to enter. Support below is around the 101,000-101,800 range, while resistance above is around 104,300.

Market Analysis Reference for November 8: Bitcoin

Short position entry point in the 103,800-104,800 range, with a stop loss at 106,500 and a target below 102,900.

Long position entry point in the 100,800-101,500 range, with a stop loss at 98,600 and a target above 102,300.

The article is sent with a delay; the strategy suggestions are for reference only. The market changes rapidly, and no matter how high your judgment of the market is, always set your take profit and stop loss. For more real-time strategies and online technical learning, you can follow the mentor's public account (Mr. Coin Discusses Cryptocurrency) for access. The first ten each day can receive free strategies for resolving positions.

For more real-time strategies daily, you can follow the public account (Mr. Coin Discusses Cryptocurrency) for access. You can learn online about market techniques, resolving positions, 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., mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are not familiar with trading, you are welcome to study and learn together.

This article is exclusively shared by Mr. Coin in the cryptocurrency space and represents his unique viewpoint. The article is sent with a delay; 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. Keep it up!

—— This article is written by Mr. Coin in the cryptocurrency space, no plagiarism allowed, respect originality!

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