Mr. Coin in the Crypto Circle: 3.31 Bitcoin, Ethereum Bitcoin evening latest market analysis reference, along with operational ideas.

CN
2 days ago

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 should learn while trading, summarizing both gains and losses in a timely manner to deepen their understanding of risks and to plan a correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

Mr. Coin's Cryptocurrency Market Analysis Reference for Bitcoin (BTC) on March 31:

Bitcoin continues to show weakness in the market today, with the price testing resistance around 83,500 multiple times over the weekend. It has currently pulled back to around 82,000. The support at 81,000 has not been broken, and the recent short-term rebound has been decent. Therefore, Mr. Coin suggests that although the market is leaning downward, it is not advisable to blindly short before the support is broken.

From the short-term hourly chart, the wedge range is continuously compressing, with the highs slowly descending. It has already broken through multiple layers of support, and the market rebound is gradually being consumed. The short-term trend shows weak fluctuations. If the support at 81,000 is broken, the market may further approach the 80,000 mark. Looking at the daily chart, the K-line shows four consecutive bearish candles. MACD: Both the fast and slow lines are in the negative zone, and the MACD histogram is gradually shrinking but has not yet formed a golden cross. RSI: RSI (14) is around 41, in the neutral zone, not entering overbought or oversold territory. EMA: The price is currently below EMA7 (83,757), and EMA7, EMA30, and EMA120 are all in a downward trend. The overall trend is around weak fluctuations. It is recommended to focus on shorting during rebounds and to take light long positions during pullbacks.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for ways to add: The first ten each day can receive free exit strategies.

Short-term Reference for Bitcoin on March 31:

Long position: Buy in the range of 79,500-81,000, with a stop loss at 77,000 and a take profit target above 82,000.

Short position: Lightly short in the range of 82,500-83,500, with a target of 500-1,000 points, and a stop loss at 84,500.

Short-term Reference for Ethereum on March 31:

Long position: Pay attention to the breakout situation at 1,700, buy in the range of 1,700-1,750, with a stop loss at 1,550 and a target above 1,800.

Short position: Short in the range of 1,850-1,900, with a stop loss of 30 points and a target of 50-100 points.

There may be delays in sending this article, and the strategy suggestions are for reference only. The market changes rapidly, and no matter how confident you are in your market judgment, always set stop-loss and take-profit levels to secure your gains.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for ways to add: The first ten each day can receive free exit strategies.

For more real-time trades, you can follow my public account for online technical learning, exit strategies, 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. focusing on analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. I welcome all cryptocurrency friends who are unsure about trading to study and learn together.

This article is exclusively shared by Mr. Coin and represents his unique perspective. There may be delays in sending the article, and 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 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 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, no plagiarism allowed, respect originality!

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