Mr. Coin in the Crypto Circle: The fluctuating market continues on March 17. How should we operate in the future? Bitcoin and Ethereum (ETH) latest market analysis and reference for today, including operational reference ideas.

CN
12 hours ago

Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. Even if there are losses in the short term, 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 profits and losses in a timely manner to deepen their understanding of risks and to plan the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

3.17 Mr. Coin in the Cryptocurrency Circle: Bitcoin (BTC) Market Analysis Reference

Yesterday, Bitcoin retraced to around 82300 and rebounded. The price then spiked up to around 85200 but faced resistance and retraced again. Both bulls and bears began to become entrenched, and the market entered a consolidation pattern. Currently, the price is running near the 82500 level, with short-term market conditions continuing to show weak fluctuations.

From the four-hour chart, the Bollinger Bands are slightly narrowing. The price has fallen below the middle line of the four-hour chart and is currently operating below it. The MACD shows a death cross on both the four-hour and one-hour levels, with the fast line crossing below the slow line. The RSI is at 44.70 on the four-hour level, close to the neutral zone, and at 36.16 on the one-hour level, entering the oversold area. The EMA7 has crossed below the EMA30 on the four-hour level, indicating a weakening short-term trend; on the one-hour level, EMA7, EMA30, and EMA120 are all trending downwards. There may be a short-term rebound, but the strength is not significant, and the overall trend remains relatively weak. As mentioned in previous articles, if the price cannot effectively stabilize around 85000, it could rise at any time. Therefore, the recommendation is to focus on short positions while considering long positions as a supplement.

3.17 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.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin in the Cryptocurrency Circle) for access. The first ten daily followers can receive free exit strategies.

3.17 Ethereum Short-term Reference:

Short positions at 1940-1990, with a stop loss at 2180, target below 1900.

Long positions to watch for a break at 1800, in the 1800-1850 range, with a stop loss at 1650.

The article may have delays in sending, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in your market judgment, always set stop-loss and take-profit levels to secure your gains.

Mr. Coin's public account: Mr. Coin in the Cryptocurrency Circle

For more real-time trades, you can follow my public account for online technical learning, 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, and other cryptocurrencies. I welcome all cryptocurrency friends who are unsure about 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 the article, and risks are to be borne by the reader. Please manage your positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, to move forward together, and to 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, prepare well, and be ready to set off at any time. Keep it up!

—— This article is written by Mr. Coin in the Cryptocurrency Circle, no plagiarism allowed, respect originality!

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