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

3.16 Cryptocurrency Mr. Coin: Bitcoin (BTC) Market Analysis Reference

Bitcoin has not broken upward during the day. Yesterday, short positions were set around 84800, and profits were taken near 83800, gaining over a thousand points. Although the price has retraced to around 83500 and rebounded, the overall trend over the weekend continues to be range-bound. Currently, the price has returned to around 84200, with the range slightly compressed.

From the short-term hourly chart, the Bollinger Bands are slightly parallel and moving forward. The price fluctuations are minimal, and market sentiment has once again entered a sluggish state. As of now, the price fluctuation range is only about six hundred points, with the short-term market leaning towards consolidation. It is advisable to operate with high short and low long positions.

On the daily chart, yesterday's price closed with a small gain, and the market has not broken upward. Both bulls and bears are gradually becoming entangled. Currently, the price is operating below the middle axis of the Bollinger Bands, fluctuating around 84200, forming a narrow consolidation range with a high of 84650 and a low of 83618. The MACD fast and slow lines are still in the negative zone, but the MACD histogram has started to shorten, indicating a weakening of short-term downward momentum. The RSI is fluctuating in the 40-45 range, and the short-term EMA7 is hovering around 83800, closely following the price trend. The medium to long-term EMA30 and EMA120 are located at 88700 and 89900, respectively. There is a short-term rebound, but the strength is still not significant, and the resistance near the upper Bollinger middle axis is strong. It is expected that the market will continue to be range-bound today, with overall resistance looking at the daily Bollinger middle axis breakthrough and stabilization. It is recommended to try short positions lightly when rebounding to this level.

For more real-time trading strategies, online technical learning, and exit strategies, please follow the mentor's public account (Mr. Coin in the cryptocurrency circle) for addition methods: the first ten each day can receive free exit strategies.

3.16 Bitcoin Short-term Reference:

Light short positions at 84800-85500, with a stop loss at 87500, target below 83000. Long positions in the 81500-80500 range, with a stop loss at 78000.

3.16 Ethereum Short-term Reference:

Short positions: 1950-2000, with a stop loss at 2180, target below 1900.

Long positions should pay attention to the breakout situation at 1800, in the 1800-1850 range, with a stop loss at 1650.

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 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 in the cryptocurrency circle) for addition methods: the first ten each day can receive free exit strategies.

For more real-time trades, please follow my public account. You can learn online about market techniques, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency circle, and have studied extensively in the U.S. focusing on analyzing BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, etc. I welcome all cryptocurrency friends who are not familiar with trading to study and learn together.

This article is exclusively shared by Mr. Coin in the cryptocurrency circle and represents his unique views. There may be delays in sending articles, and risks are borne by the reader. Manage your positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, move forward together, and 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, sharpen your skills, and be ready to set off at any time. Let's go!

—— This article is written by Mr. Coin in the cryptocurrency circle, refusing plagiarism and respecting originality!

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