Cryptocurrency Academician: On March 26, Bitcoin is dominated by short-term bulls. Should we chase the rise or wait for the right moment? Latest market analysis reference.

CN
7 days ago

The essence of trading is survival, followed by profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the crypto circle academicians may not make you rich overnight, they can help you persist. Only those who survive in the crypto space for the long term and stick it out until the end can achieve the results they desire. I hope you understand.

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Crypto Circle Academician: March 26, 2025 Bitcoin (BTC) Afternoon Market Analysis

The current price of Bitcoin is 88,000. It is now midnight Beijing time. The daily K-line has a high of 88,300 and a low of 86,300, still in a high position with a cup and handle pattern. It has reached a critical resistance level. High-level consolidation is a common tactic of the main force. Yesterday's article suggested going long at 86,500, targeting above 88,000 for profit-taking. The market has arrived as expected. Currently, this position is not suitable for shorting, and even less so for chasing the price. The biggest taboo in trading is chasing highs and cutting losses. We need to wait for a break of the previous high before continuing to test short positions or going long on a pullback to the neckline.

Currently, the daily K-line is contracting at a high level, forming a cup and handle pattern, along with a small ascending trend line. The EMA90 and EMA60 convergence point is in the range of 89,700 to 90,500, which is a dense area of chips and also a testing area for short positions. As long as the stretch breaks 90,500, you can manually stop loss and exit. If it doesn't break, you can enter a test position after the market reaches that level. The MACD shows an increasing volume trend, with the DIF and DEA expanding upwards from a low position, approaching the 0 axis. The Bollinger Bands are contracting, and the K-line is facing resistance at the upper band pressure level of 89,500. Currently, it is oscillating above the middle band at 84,500.

The four-hour K-line pulled back to the EMA15 support at 86,500 and then broke above 88,000. The pullback depth is insufficient; you can refer to the EMA30 trend support point at 85,800. The short-term trend has entered a consolidation phase. The MACD volume has not increased significantly, and the DIF and DEA are contracting at a high level, indicating that the bulls are dominant. The Bollinger Bands are opening, and the K-line is pulling back to the middle band support at 86,000, starting to challenge the upper band pressure at 89,000. The space has not yet been fully utilized, and in the short term, the bullish trend remains dominant. Conservative traders should wait for a break of the previous high before entering, while aggressive traders can go long.

Short-term reference: The market is never 100% certain, so always set stop losses. Safety first; small losses and big gains are the goal.

For long positions, test entry points are 87,000 to 86,000, with a stop loss at 85,500, risking 500 points, targeting 88,000 to 89,000, and if broken, looking at 89,500 to 90,000.

For short positions, test entry points are 88,500 to 89,000, with a stop loss at 89,500 to 90,000, risking 500 points, targeting 88,000 to 87,500, and if broken, looking at 87,000 to 86,500.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication; the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the Crypto Circle Academician and represents the unique views of the Academician. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The Academician also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond and follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop losses and take profits for each trade. The Crypto Circle Academician wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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