3.16 Zhang Lihui: Bitcoin Market Analysis and Trading Suggestions:

Yesterday, Lihui set up a short position above 84600, and there wasn't a significant pullback below. The market returned to its original position. Lihui previously mentioned that the market would test the peak again, which is quite normal. As long as it doesn't break the level, it can still be held, but if it breaks, stop-loss adjustments must be made; still using a small loss to exchange for a larger space below. Continuing to observe the 1-hour Bollinger Bands, which are showing extreme contraction, with the candlesticks compressed to the limit. The upper band and EMA300 have not been broken, indicating that Lihui's high short position set yesterday was indeed correct, as EMA300 has moved below 84600, suggesting that the high point has been lowered. Therefore, the focus below is whether the EMA80 and EMA120 range can break again. From the MACD, the volume below the 0 axis, although not very strong, at least exists. The overall short-term bearish sentiment is still strong, with the fast and slow lines consistently showing a death cross pointing downwards; this indicates that the bears intend to continue further, depending on whether the volume below can effectively increase during the day!

In the 4-hour chart, the Bollinger Bands are also severely contracted, with the upper band pressing down below EMA80, which is also below the previous evening's high point. This can currently serve as a high resistance point, and if broken, it may reach the MA120 and EMA120 range, which can also serve as a defensive short position for adding to the position. Below, we also need to watch the EMA30 position, along with the 1-hour EMA80 and EMA120 as important support nodes; if broken, we may see the daily lower band position again. In summary, Lihui believes that the short position set at 84600 yesterday can still be effectively held, and the short-term rebound strategy can still be lightly shorted;

Today's trading suggestions from Lihui:

At 8:25 AM Beijing time on March 16, the suggestion is to lightly short in the 84400-84900 range, with a stop-loss at 86000; target at 83500; if broken, continue to hold in the 83400-83000 range; if stop-loss is hit, the opening point needs to be adjusted upwards;

A low long position can also be considered if the 4-hour EMA30 range provides effective support, which is below 83500: target 84200-84900, if broken, can hold to around 86000 in the 85000-85300 range; specific entry opportunities for long positions need to be based on Lihui's real-time notifications!

The article review and push have delays, and the market changes rapidly. 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 ensure to set take-profit and stop-loss levels when entering, and take profits when favorable.

I, Lihui, interpret global economic news and analyze major trends in the cryptocurrency world. During my studies in the U.S., I conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. I welcome comments and messages from those who are not familiar with trading!

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This article is exclusively published by (WeChat Official Account: Zhang Lihui) for reference only, and the risk is borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges, and willing to explore. As the saying goes, "The road ahead 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, experience 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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