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 improve the win rate. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends 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.
3.15 Cryptocurrency Mr. Coin: Bitcoin (BTC) Market Analysis Reference
Bitcoin has been fluctuating upward during the day, with an increase of nearly 5,000 points. The price has successfully broken through the resistance at 85,000. As of the time of writing, it has reached a high of around 85,270 but has since pulled back to around 84,800. Currently, bullish sentiment is slightly warming, but there is significant resistance above, and the upward movement after breaking the level is not strong. Therefore, it is not recommended for cryptocurrency friends to blindly chase the rise, as there is a risk of the price being pressured and pulling back again.
Looking at the four-hour chart, the K-line has shown six consecutive bullish candles. The market has rebounded after testing the mid-line support, allowing the short-term trend to continue upward. However, the overall trend is still within a range. As mentioned in previous articles, if the price does not effectively stabilize above 85,000, the weak market may continue at any time. Therefore, it is not advisable to blindly follow the trend in trading.
From the daily chart, the price is still below the Bollinger midline, with the midline forming a resistance level in the short term. The daily MACD histogram is gradually narrowing, and the fast and slow lines are still in the negative zone, but the negative value is decreasing, indicating that the short-term decline is weakening. The daily RSI has risen from 32.14 to 45.03, moving out of the oversold area. The daily EMA7 (83,610.86) and EMA30 (88,738.53) have formed a death cross, indicating that the medium-term trend is still bearish. However, the price has risen above EMA7, suggesting a possible short-term rebound. The rebound resistance can be observed near the daily midline (86,400), with upper resistance focusing on the 85,500-65,000 area. If an opportunity arises, consider entering a short position. The short-term support below is around 81,500. In terms of trading, it is recommended to focus on short positions.
For more real-time trading strategies, online technical learning, and exit strategies, please follow the mentor's public account (Mr. Coin) for access. The first ten daily followers can receive free exit strategies.
3.15 Bitcoin Short-term Reference:
Light short position at 84,800-85,500, with a stop loss at 87,500, target below 83,000 (currently holding short position near 84,800).
Long position in the 81,500-80,500 range, with a stop loss at 78,000.
3.15 Ethereum Short-term Reference:
Short position: 1,950-2,000, with a stop loss at 2,180, target below 1,900 (currently holding short position near 1,940).
Long position to watch for the 1,800 breakout, in the 1,800-1,850 range, with a stop loss at 1,650, target above 1,900.
There may be delays in sending messages; strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in market judgments, always set stop-loss and take-profit levels to secure your gains.
Mr. Coin's public account: For more real-time trading strategies, online technical learning, and exit strategies, please follow the mentor's public account (Mr. Coin) for access. The first ten daily followers can receive free exit strategies.
For more real-time trades, please follow my public account for access. You can learn online about market techniques, exit strategies, etc. I have researched the market for many years, studying the major trends in cryptocurrency, and have studied extensively in the U.S., mainly 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; 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 striving. 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. Keep it up!
—— This article is written by Mr. Coin, and we refuse to plagiarize and respect originality!
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