3.17 Zhang Lihui: Bitcoin Market Analysis and Trading Suggestions:
As you can see, Lihui's short positions have been successfully executed several times in recent days, especially the short position at 84400 last night, which was closed for profit below 82600, and then reversed to long. After the market surged rapidly and broke the pin, he decisively entered the market again to profit once more, simply spectacular! For such volatile markets, Lihui generally chooses to take profits; if it’s not a one-sided market, there are opportunities to capture both long and short positions!
Continuing to look at the 1-hour Bollinger Bands, the upper band continues to press down. Last night, the candlestick touched above 85000 and then fell back below the 1-hour MA180, forming a lower shadow again. Therefore, Lihui chose to take profits again, and there may be a rebound at the short-term support; as for the upper side, we definitely look towards the previous high, which is the 85000 level. If the third test of this range fails again, then it is still possible to choose to enter short positions; currently, we need to pay attention to the strength of the breakout of the upper band and MA60. The top resistance is at the intersection of MA380 and MA450, which Lihui mentioned earlier, hence the previous stop-loss point was set at 85500.
In the 4-hour chart, the Bollinger Bands are intentionally continuing downward. The candlestick last night just hit the upper band and was pushed down. The current candlestick continues to press down towards yesterday's low, and the lower band is also continuing to touch below yesterday's low, indicating a clear bearish trend. The MACD continues to increase below the 0 axis, and the fast and slow lines are forming a death cross at a high position, continuing to open downwards; therefore, we can continue to look at the upper band and MA120 resistance, which, along with the 1-hour MA380 and MA450, forms strong high-level resistance. Thus, entering short positions below this level is the most reasonable. We need to watch for a breakout of the lower band and yesterday's low; if it breaks, it will reach the daily MA220 level, which is around 81800.
Today's Lihui Trading Suggestions:
As of March 17, 4:40 AM Beijing time: It is suggested to enter light short positions above 84500, with a stop-loss at 85500; target at 83700-82500; if it breaks 82400, you can continue to hold and look at around 81800 for possible profit-taking; if stop-loss is triggered, the opening point needs to be adjusted upwards.
For low longs, pay attention to the daily MA220 support level, which is effective support below 81800 before entering: target 83500-84600, if it breaks 84700-85200 range, you can hold until above 86000; specific entry opportunities for long positions need to be based on Lihui's real-time notifications!
There may be delays in article review and push notifications; the market changes rapidly, and specific entry opportunities must be combined with real-time operations, with real-time notifications as the standard. The suggested points in the article are for reference only; do not operate with heavy positions. Please set take-profit and stop-loss levels when entering, and take profits when favorable.
I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. I welcome comments and messages from those who are not familiar with trading!
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This article is exclusively published by (WeChat Official Account: Zhang Lihui) for reference only, and the risk is borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges and willing to explore. Just as "The road is long and has no ending; yet high and low I'll search with my will unbending," I hope we keep pace with the times, absorb wisdom, travel thousands of miles, weather storms, and gain insights into life.
May you, under Lihui's guidance, leverage strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intentions. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and together compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance in this investment journey full of challenges and opportunities!
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