Midday Review and Analysis:

Last night, I set up a position for ETH at 4360, and BTC at 121884 went south, perfectly hitting the target. To be honest, the drop was a bit beyond expectations, it really left no room for the bulls. Last night, anyone who leveraged their positions basically got wiped out. At this moment, the benefits of having stop losses and the drawbacks of holding positions are evident. Developing good habits is more important than how much money you earn!

In a trend-following strategy, it's fine to have a larger position size when trading with the trend, but it's best to execute positions based on a 75% win rate for more stability. Counter-trend trading, or left-side trading, should only use half of the normal position size to avoid situations where long and short trades offset each other, resulting in wasted efforts. Although the long position hit the stop-loss last night, the profit from the short position was quite considerable. I want to emphasize again that after hitting a stop-loss, refrain from making any trades. For orders that exceed their timeframe, remember to cancel them. Only by being a machine devoid of emotions will you survive in this market. Technical skills can be learned anywhere, but from a purely news perspective, it's all given for free. Therefore, the core reasons that distinguish successful traders are risk awareness, establishing their own financial barriers, and controlling human instincts. Let's keep today brief!
The weekend saw little fluctuation in the market, and it is expected to undergo a week-long consolidation and repair phase. Currently, from the market perspective, it has not reached the bull-bear dividing line, so everyone can rest assured that the bull market is still intact. Last night, Bitcoin surged to around 122455 before violently dropping to 101668, then quickly rebounded, closing the daily candle around 112700. There is still downward space on the daily line, and a second bottom test is anticipated. On the hourly level for Bitcoin, pay attention to the support at 109323 and resistance at 114227. Over the weekend, it is recommended to take a good rest, with the trading strategy focusing on shorting at 113123 on rallies, with a stop loss set at one times the position. The altcoin is a boon for the bears, with the overall decline allowing them to celebrate. The daily line closed at around 3821, and for the hourly level of the altcoin, watch for resistance at 3878 and support at 3680. It is advised to focus on shorting at 3845 on rallies for the altcoin, with a stop loss set at one times the position.
Tonight's live broadcast will specifically give everyone details on how to predict trends and manage risks, discussing useful tips that everyone can understand. If you like the host's live style, please follow + join the fan group. I hope to be the guiding light on your growth journey, illuminating your path forward! #GateFunMeme创作大赛来袭 #BTC走势分析 #ETH走势分析 #十月加密市场预测 #金融干货