3.19 Zhang Lihui: Bitcoin Market Analysis and Trading Suggestions:
Some friends have been asking Lihui how he can read the market so accurately, with each article precisely capturing the timing for entry and exit. In fact, the recent Bitcoin market has been quite easy to judge, remaining in a range-bound oscillation, suitable for high selling and low buying. Combining this with moving averages makes it easy to grasp. I wonder if everyone has noticed and kept up. The short position set by Lihui above 84500 was also accurately executed in batches at the 82200 position mentioned in the article. I thought Lihui had already captured enough, but after taking profits and exiting, the US stock market opened and the market broke down again, approaching the 81000 mark. Lihui initially planned to set a long position at 82100 but fortunately canceled it. As expected, the market broke down as anticipated, nearing the 81000 level; thus, when the trend breaks, one must reconsider the entry point and continue to look for support below. The market changes rapidly, so we must adapt!
In yesterday's article, it was mentioned where the key point on the 4-hour chart is. If the volume fails above the zero line and the golden cross is reversed, it will lead to a strong short position. As expected, the bears are strong, so you need to understand why Lihui set a short position above 84000. It has repeatedly failed to break the previous high, so a drop is inevitable; as Lihui often says, do not chase the peak, it is better to take a small loss on a short than to be a bag holder. Currently, the 4-hour Bollinger Bands for Bitcoin are opening up, with the middle band continuing downward. The K-line touched the lower band last night and saw a rebound. However, looking at the short-term indicators, the rebound momentum is not very strong, so the middle band and EMA30 may again become resistance for today’s high. Below, we need to see if the 81000 level can form a second support. If it breaks, we need to look at the low point on the 14th, which is around 80100, and this can be considered as a parallel support level. The MACD continues to expand below the zero line, and the volume has not contracted. The fast and slow lines are still diverging, indicating that after a short-term rebound, a pullback will likely occur!
From the daily chart, the K-line has already broken below the MA220 support level defended in the previous two days. The next important defense point is the EMA300 level, which is in the 80000-79750 range. The current Bollinger Bands at this level continue to contract, with the upper band pressing down heavily, nearing 85500, indicating that the resistance at the top is indeed strong. Fortunately, the lower band is still rising, approaching EMA300, so the downside space should not be too large. It is also necessary to pay attention to the strength of the volume above the MACD zero line and whether the fast and slow lines can form a second reversal. Lihui believes that several waves of bearish momentum are still needed, and only after the Bollinger Bands open will the bulls be able to break through the current box top. It would be good if the middle band on the daily chart continues to move down and becomes support!
Today's trading suggestions from Lihui:
At 1:36 AM Beijing time on March 19, the suggestion is to lightly short in the 83000-83300 range, with a stop loss at 83900; target at 82300-81300; if it breaks 81200-80900, you can continue to hold, and around 80100, you can consider reducing positions to take profits; if a stop loss is triggered, you need to continue to adjust upwards to around 84500 to short again, with a stop loss at 85200; the target remains unchanged.
For low longs, you need to pay attention to effective support in the 80000-79700 range before entering: target 82000-83000; 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, 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, and take profits when favorable.
I, Lihui, interpret global economic news and analyze major trends in the cryptocurrency world. During my studies in the US, I conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. Friends who are unsure about trading are welcome 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 cryptocurrency world, unafraid of challenges and willing to explore. Just as "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 intentions. 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 filled with challenges and opportunities!
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