3.15 Zhang Lihui: Bitcoin Market Analysis and Trading Suggestions:
In just two days, the Bitcoin market achieved a V-shaped reversal, dropping from above 84,000 and then rising again. The long and short game in the crypto world is indeed spectacular; from the current 4-hour chart, after the U.S. stock market opened last night, a situation of mutual destruction between bulls and bears occurred, with rapid ups and downs resembling the process of cooking lamb. Ultimately, it stabilized around the mid-track and pulled back up, with bulls regaining some ground. The Bollinger Bands are opening up again, and the K-line formed a pullback after reaching a high of 85,300 around midnight, which means it touched the 4-hour EMA80 moving average and was pressed down. Currently, it is hovering in the lower EMA60 range, with the upper track lifting above EMA80 and continuing to approach the crossover position of EMA120 and MA120, intending to open up space above! However, it is essential first to confirm the effectiveness of breaking through the 1-hour MA380 and MA300 range for a second top test, which is the 85,260-85,520 range. Those who have entered short positions can set their stop-loss in this range. If it breaks down again, it will definitely hit the previously mentioned 4-hour EMA120 and MA120 positions, so stop-loss must be well managed! Therefore, below, we can continue to consider the second support at the 4-hour mid-track and EMA30 range. If it breaks down, you can continue to hold; otherwise, you can go long!
From the daily indicators, the K-line has also touched the mid-track and EMA15 range. Lihui has mentioned multiple times that if the K-line stabilizes at the mid-track, it may mean that the bulls are opened again. Moreover, the volume below the zero axis is significantly reduced and is close to the zero axis position, with the fast and slow lines also achieving multiple contractions at low levels. This time seems very successful; if a golden cross forms, it will further open up space above; conversely, if it cannot stabilize, the space below is also predictable! Therefore, the current position is definitely more inclined to continue to try short positions with light holdings, as the risk of chasing long positions at high levels is greater than going short, and the K-line should also take time to stabilize at this position. No matter how the market moves, what we need to do is manage our stop-loss well! Don't be caught off guard!
Today's trading suggestions from Lihui:
At 1:40 AM Beijing time on March 15, the suggestion is to lightly short in the range above 84,600, with a stop-loss above 85,500; the target is below 83,000. If it breaks down in the 82,700-82,400 range, you can continue to hold; if stop-loss is triggered, you need to readjust the strategy starting from low longs!
Low longs can also consider effective support at the 4-hour mid-track and EMA30 range, which is the 82,700-82,400 range; the target is 84,200-85,100. If it breaks down in the 85,200-85,500 range, you can hold until near 86,600; specific entry opportunities for long positions need to be based on Lihui's real-time notifications!
There may be delays in article review and push notifications; the market changes rapidly, and 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 manage your take-profit and stop-loss when entering, and take profits when they are good!
I, Lihui, interpret world economic news and analyze the major trends in the global crypto market. During my studies in the U.S., I have conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. For those who are not familiar with trading, feel free to comment and leave messages!
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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 crypto world, unafraid of challenges and willing to explore. Just as "the road is long and has no ending, yet I will search high and low," 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 on to our beliefs, forge ahead, and jointly 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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