3.10 Zhang Lihui: Bitcoin Market Analysis and Trading Suggestions:
Recently, many fans have been paying close attention to the price of Bitcoin and entry opportunities. After experiencing significant price fluctuations, market sentiment has become increasingly cautious. Since the last low-buying opportunity, Lihui has not made new arrangements for Bitcoin, mainly due to the current market's uncertainty and excessive volatility. Lihui does not want everyone to take unnecessary risks; from Bitcoin's recent performance, the rebound momentum appears weak, especially after the 7th, where there is noticeable selling pressure in the market, leaving many investors confused.
From the recent 4-hour chart, the Bollinger Bands show an opening pattern, indicating that the market is still in a state of active volatility. Although the opening state of the Bollinger Bands suggests potential price fluctuations, the current K-line is still moving downward along the lower Bollinger Band, gradually approaching the low points of the 4th and 5th of this month. This position also served as a support level on the 27th of last month, making it an important technical support range.
If Bitcoin's price can stabilize within this support area, investors may consider moderately buying here. If the price breaks below this support range, it will be essential to closely monitor last month's low points and the daily EMA300 position, which is below 79500; these two points may provide further support and present rebound opportunities.
In terms of technical indicators, the KDJ three lines are still spreading downward and are close to the 0 value. This indicates that the short-term bearish trend in the market has not yet ended. However, if the bearish forces exhaust in the short term, a rebound may occur, providing investors with an opportunity to enter with light positions. Meanwhile, the three lines in the RSI indicator show a certain upward trend, indicating that the market may be brewing a rebound.
Despite the short-term buying opportunities, the MACD indicator shows that the fast and slow lines are still diverging downward and are expanding again below the 0 axis, suggesting that bearish forces remain strong. Therefore, until the K-line can stabilize at the middle track, it may still be necessary to adopt a high short strategy to capture potential downward trends.
Considering the current complexity of the market and the severity of price fluctuations, Lihui advises maintaining caution when participating. At this stage, it is crucial to set stop-loss and take-profit positions to control potential losses. Investors should always pay attention to changes in market sentiment and adjust their investment strategies in a timely manner.
Today's Lihui Trading Suggestions:
Beijing time, March 10, 1:10 AM editor: It is recommended to lightly buy in the 82200-81800 range, with a stop loss of 500 points; target at 83400-85300; after hitting the stop loss, you can adjust to open long near the position below 79500, with a stop loss at 78300, target 2000-3000 can be taken freely!
For main shorts, pay attention to entering above the 85300 position; stop loss above 86000, target 2000-3000 points can be reduced in batches for profit-taking; specific entry opportunities can be based on Lihui's real-time notifications!
There may be delays in article review and push notifications, and market conditions change rapidly. Specific entry opportunities must be combined with real-time operations, and the article's suggested points are for reference only. Do not operate with heavy positions; please set stop-loss and take-profit 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 (public 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. As the saying goes, "The road ahead 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 intention. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and jointly 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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