3.12 Zhang Lihui: Bitcoin Market Analysis and Trading Suggestions:
Bottom fishing successful! Long positions have achieved great success. In yesterday's article, Lihui mentioned to pay attention to the daily MA300 support level for low-position trial long positions, which is around 77000-76500. Last night, the PY circle updated that if it stabilizes above the 4-hour midline, it will reach above 83500. The market once again validated Lihui's precise thinking, and everyone can calculate the profit potential of long positions themselves. Before the opening of the US stock market last night, there was a rapid drop to around the 79000 mark, followed by a strong rebound due to positive news from Texas, giving the market another boost! This is a good start. On the 7th-8th, Lihui mentioned that such government purchasing events will continue to occur, which is a result of the pressure from specific cryptocurrency policies!
Returning to the technical aspect, the 1-hour Bollinger Bands are opening upwards. In the early morning, the coin price reached the upper band and crossed the EMA120, then retraced again, currently approaching the EMA80 position. From the MACD perspective, the volume just started to shrink above the 0 axis, but it is not very strong, and the fast and slow lines are also converging slowly. Therefore, if the coin price drops, it will also be slow, so we can consider closer support, focusing on the midline and EMA30 range. Since the upper band is rising and has not slowed down, it is actively approaching the EMA180 position. After breaking through the EMA120 again, this can be set as a short-term target!
The 4-hour Bollinger Bands are also opening upwards. The K-line was blocked when it hit the EMA30 last night. It was previously mentioned that after stabilizing at the midline, it would touch this position. Therefore, the second retracement still considers the midline as a second support entry. The MACD successfully increased volume above the 0 axis, and the fast and slow lines formed a low-level golden cross for the third time, which is a good start. After the K-line's second attempt at the EMA30, it will definitely look towards the EMA60 and EMA80 range along with the upper band. This position range can be used for high short positions. Why can we short? Because the short-term bearish indicators still exist. Do not blindly go all in on long positions due to the current retaliatory rebound! Moreover, 86300 is also a key position for the daily midline. If it fails to converge, it will still lead to a second retracement! I hope everyone stays alert!
Today's trading suggestions from Lihui:
At 5:19 AM Beijing time on March 12, the editor suggests lightly entering long positions in the 81300-81800 range with a stop loss of 500 points; target at 83500; if it breaks 83600-84000, you can hold until the 85400-86000 range to take profits freely;
For high shorts, consider lightly entering above 86000, with the stop loss set above the daily midline; targets can be adjusted freely based on real-time changes; short entry opportunities may need to be adjusted as the 4-hour EMA60 and 80 move down, and specific operations should be based on Lihui's real-time notifications!
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, and the article's suggested points are for reference only. Do not operate with heavy positions; please set take profit and stop loss when entering, and take profits when the opportunity arises!
I, Lihui, interpret global economic news and analyze major trends in the cryptocurrency market. During my studies in the US, I conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. I welcome comments and messages from friends 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 market, unafraid of challenges, and willing to explore. As the saying goes, "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 your 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 together 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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