The academician of the coin circle has been investing in the coin circle for more than a decade. In your eyes, there is a profit of a hundred times leverage, while I consider the risk of a deep abyss. The mindset determines the way out, and the different perspectives on the market determine whether you will take risks for profit, while I will let go of a profit to avoid risks. The academician team of the coin circle has carefully formulated a complete set of profit and break-even plans for you. When you join, we will think hard for you and escort every penny of your profit. Finally, I would like to remind everyone: strength is not for show, but to gain more recognition. It is more important to do well in your own right than to seek validation from others. Whether it's a mule or a horse, take it out for a walk and you'll know. In your position, plan your own affairs. I have always been tirelessly advising, hoping that you can take fewer detours and make fewer mistakes in this market. Even though I advise earnestly, the road of investment still needs to be walked by yourself. Learning is endless, and only when you gain experience is it your wealth!
The academician of the coin circle wishes fans to achieve financial freedom in 2024. Keep it up!
Bitcoin (BTC) Market Analysis Reference for March 16, 2024
The big cake's market trend yesterday was one-sided, and the main force's deliberate and malicious washing of the plate back and forth could easily lead to being cut by the main force if not careful. The academician reminds everyone to always pay attention to changes in the market before choosing the timing to enter. Yesterday's daily K-line plunged below the EMA15 support to a low near 65550, which is an important support point located at the top shoulder. If 65500 is not broken, the bulls are still in control, and the high-level plate consolidation trend continues.
This morning, the big cake opened at 69500. From the overall trend, it is expected to further test the support point at the EMA15, which is also the position of 67550. The MACD volume has decreased after the end of the surge, and the KDJ is diving and spreading. The Bollinger Bands are contracting, the top pressure level is decreasing, and the bottom support is being raised. The new support point is expected to be near 67000, with the upper pressure level near the historical high point of 73800. A new box pattern is forming.
In the short-term trend of four hours, it can be seen that the K-line has returned to the Bollinger Bands channel and is approaching the middle rail after four consecutive positive candles from the lower rail. The upper middle rail pressure level is at 71050, and the lower rail support is at 67000. The KDJ is opening upwards, and the MACD has just ended the top deviation of DIF and DEA, and has just entered the downward 0-axis line, and is starting to contract and move upwards again. There is another small range of stretching in the short term, and the range is expected to be limited. EMA moving average support, so the mindset suggests being mainly bearish.
Short-term Operation Suggestions for Bitcoin (BTC) on March 16, 2024
If the upper side of 70700-70200 is not broken, go short, with targets at 69700-69200-68500. If broken, look at 68000, with a stop loss at 70000.
If the lower side of 67300-67600 is not broken, go long, with targets at 68200-68600-69100. If broken, look at 69600, with a stop loss at 67000.
Many fans have asked whether this round of plate washing is due to the Constantinople upgrade. The answer is no, because the Constantinople upgrade promotes a more decentralized network, improves the scalability of the Ethereum network, and enhances the security of Ethereum, which helps increase everyone's confidence in Ethereum. So don't be unnecessarily worried.
Ethereum (ETH) Market Analysis Reference for March 16, 2024
Ethereum has been on a one-sided decline for two consecutive days, falling into the EMA moving average, standing above the EMA15. Yesterday's market fluctuated greatly, with Ethereum dropping to a low of 3568 and a high of 3938 after the plunge. It is important to choose the right entry timing. As of the time of writing, the price of Ethereum at the market is 3748, firmly standing at the EMA15. From the market indicators, EMA15 is the balance point. Regardless of the long or short positions, the market will eventually return to this position for consolidation. Pay attention to the support point at 3675 below.
In the short-term four-hour K-line, after virtually breaking below the EMA moving average of 3630, it returned to the moving average. The upper moving average pressure level is around 3900, and the MACD volume is starting to decrease. The bulls still have room to run, and the KDJ is also stretching upwards. There is another short-term space in the market, but the mindset suggests being mainly bearish at high levels, with a focus on the upper pressure level near 3880.
Short-term Operation Suggestions for Ethereum (ETH) on March 16, 2024
If the upper side of 3900-3920 is not broken, go short, with targets at 3860-3810-3770. If broken, look at 3720, with a stop loss at 3955.
If the lower side of 3660-3680 is not broken, go long, with targets at 3730-3780-3840. If broken, look at 3890, with a stop loss at 3625.
Market analysis and operation suggestions can be referenced in sync with the mindset of Bitcoin and Ethereum. It is strictly forbidden to over-leverage. Good risk control is paramount. The market changes in an instant, so do not be greedy. Specific operations should be based on real-time strategies, and analysis should be used as a reference. Risk is self-borne.
This article is exclusively provided by the academician of the coin circle and represents the academician's exclusive viewpoint. There is in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions are not real-time and are for reference only. Risk is self-borne. Please indicate the source when reposting, and control your positions reasonably. Do not over-leverage or go all in. The academician also hopes that investors understand that the market is always right. If you make a mistake, you should reflect on your own problems and not let the profit that should have been in your hands slip away. There is no need to be smarter than the market in investment. When the trend comes, follow it; when there is no trend, observe and be patient. Wait until the trend becomes clear before taking action. Tomorrow's success comes from today's choices. Heaven rewards hard work, earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards heart. Gains and losses are all in the blink of an eye. Develop the habit of strictly setting stop-loss and take-profit for each trade. The academician of the coin circle wishes you a pleasant investment!
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