3.13 Zhang Lihui: Bitcoin Market Analysis and Trading Suggestions:
Indeed, waking up after taking profits is the most satisfying. Yesterday, Lihui's early morning setup in the 81300-81800 range for light long positions was triggered again, hitting the target range of 83500-84000 after last night's CPI report, leading to profit-taking! Achieving precise entry and high-level exit! Every space was perfectly grasped! So, under the condition of cooling inflation in February's CPI, will Bitcoin and the U.S. stock market continue to trend positively? Lihui believes that we need to watch a few key signals next!
It can be seen that the 1-hour EMA180 mentioned by Lihui yesterday formed short-term pressure with the upper band, and last night the price just hit this position before being pushed down. This is why profit-taking was chosen at this position, as there was no direct breakthrough of the EMA220 resistance to go above 85000 after the positive news, so taking profits was the safer choice! Indeed, after less than 2 hours of stalemate, the market was pushed back to its original position; currently, the K-line is rebounding again close to the upper band and EMA180 position, but the upper Bollinger band has not shown significant stretching beyond the EMA180 and 220 range, which proves that there is obvious resistance here. Therefore, after a failed second attempt to reach the top, it is definitely possible to set up light short positions!
However, the lower band in the 4-hour chart shows a strong upward pattern, already above last night's low of 80600, providing a low-level defensive effect! Therefore, attention should be paid to the resistance at yesterday's high and the EMA60 range above; the EMA60 and EMA80 range also forms a relatively critical barrier with the daily mid-band, which can serve as a key signal for short positions in the short term. From the speed of the daily mid-band's decline, the market may form a pressure-to-support effect after a few days of fluctuation, similar to the previous day's 4-hour mid-band; however, the process will be relatively long, so we can still aim for high selling and low buying to capture some space;
Today's trading suggestions from Lihui:
As of March 13, 7:18 AM Beijing time: It is recommended to take light short positions in the 84100-84800 range, with a stop loss above 85300; target at 82600-81300;
A low long position can also be considered at the 4-hour lower band and 81500 range; place the stop loss below 80600; target at 82300-83200-84500; if it breaks, look at 84800-85300 and continue to hold. Specific operations should be based on Lihui's real-time notifications for entry!
There may be delays in article review and push notifications, and the market changes rapidly. 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 ensure to set stop-loss and take-profit levels, 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 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. 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 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 on this investment journey full of challenges and opportunities!
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