3.18 Zhang Lihui: Bitcoin Market Analysis and Trading Suggestions:
Continuing to look at the Bitcoin market, the current 4-hour chart has reached the upper band and the EMA80 position. It can be seen that the EMA80 is below the previous two peaks, which can be considered the first resistance level. Currently, the upper band of the Bollinger Bands is intentionally rising close to the MA120 position, which can serve as a defensive level. If it breaks down again, it may reach the EMA120 position mentioned multiple times before, which is around the 86000 level. The MACD is showing an intention to increase volume above the 0 axis, and a golden cross is forming, which is also a critical signal.
From the daily chart, the recent two days of candlesticks support the MA220, indicating that the bottom support is relatively strong. The middle band is also approaching this position from below, showing signs of stabilization. The current candlestick is impacting the EMA15 position, and if it breaks, we need to look at the EMA180 and upper band range. The MACD is increasing volume above the 0 axis, and the low-level golden cross continues to open, indicating that the bulls intend to extend. Therefore, for intraday entry opportunities, we still need to pay attention to whether the 4-hour EMA80 and MA120 range can break through. However, in Lihui's view, it is still possible to short lightly. Of course, if it can pull back to the 4-hour middle band, that would be the most stable.
Today's Lihui's trading suggestions:
As of March 18, 3:57 AM Beijing time: It is recommended to short lightly above 84500, with a stop loss at 85500; the target is below 83600. If it breaks 83500-83350, you can continue to hold and look at around 82200 to decide whether to reduce positions and take profits. If the stop loss is hit, continue to adjust to short around 86000, with targets at 84600-83600.
For low longs, pay attention to the support at the 4-hour middle band and MA300 position, which means effective support below 83600 can be entered: target 84500-85100, if it breaks the 85200-85500 range, it can be held until around 86000; 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, and the article's suggested points are for reference only. Do not operate with heavy positions; please set stop-loss and take-profit levels when entering, and take profits when favorable.
I, Lihui, interpret world economic news and analyze global cryptocurrency trends. 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 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 world, 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 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 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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