Trading in the cryptocurrency circle is a long-term plan; it is not about a day or two, so one should not be too impatient. Even if there are losses in the short term, there is nothing to be afraid of. As long as the subsequent direction is chosen correctly, what is lost will eventually return. However, attention must be paid to grasping the timing of trading and the current market trend, so that the win rate can be improved. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends learn while operating, summarize both gains and losses in a timely manner, deepen the understanding of risks, and correctly plan the mindset. Only in this way can risks be reasonably avoided and one can become a qualified investor.

Mr. Coin in the cryptocurrency circle: March 7 Bitcoin (BTC) market analysis reference

After being pressured at the 94,000 level the day before, Bitcoin quickly retraced. Yesterday, the counterattack failed and it again declined. In the daily line, there have been two consecutive days of positive closing with the price now retracing to near the support level of the Bollinger middle line, currently trading around 68,000. The intraday rebound strength is not strong, and if the subsequent rebound cannot break through the resistance at the 70,000 line, the risk of continued downward adjustment remains. I hope everyone is prepared in advance.

From a technical perspective, the current market shows a high-level retracement trend. In the 4-hour chart, the price has continuously fallen from around 74,000 to 68,000, forming a short-term descending channel. Although it tested the support level near the previous low of 67,744, it has not effectively broken below 67,000. On the daily line, a long lower shadow bullish line was formed on March 4, followed by two consecutive days of negative closing, exhibiting a high-level oscillation structure. The integer level of 69,000 has become a dividing line between bulls and bears. From the indicators, the MACD on the 4-hour level has formed a death cross and continues to decline, with MACD histogram expanding to -1074, indicating that short-term bearish momentum is strengthening; on the daily line, a top divergence signal appeared before entering the adjustment phase. Regarding moving averages, the EMA7 (69,802) on the 4-hour cycle has crossed below EMA30 (69,662), forming a short-term bearish arrangement. Mr. Coin suggests focusing on rebound short positions for short-term strategies. The upper resistance is notable around 69,000-70,000.

March 7 Bitcoin short-term reference:

70500-69500 range for long positions, defend at 73500, stop loss 500 points, target below 68500,

66000-67000 range for short positions, target above 68000, stop loss 500.

Mr. Coin in the cryptocurrency circle: Ethereum (ETH) market analysis reference

Ethereum has also been linked to Bitcoin recently; yesterday the counterattack also failed and the current trend is weak, with the price breaking below the 2000 level, currently trading at around 1970. In the short cycle, it has recently touched the lows near 1950, entering a weak consolidation, but the resistance above is slowly moving down. If the subsequent rebound cannot continue, once the support at 1950 is broken, the trend may further test downward. Therefore, we suggest to follow the trend and take a short position if it breaks down, seeing about 30 points. In the intraday strategy, it is also recommended to focus on short positions on rebounds, with upper resistance noted around 2030, 2070.

March 7 Ethereum short-term reference:
2030-2080 range for long positions, defend at 2280, target below 2000,

1860-1930 range for short positions, stop loss 50 points, target above 1980,

Articles may have delays in sending, the strategy suggestions are for reference only, market conditions change rapidly, regardless of the level of confidence in the market judgment, always set stop profits and stop losses, securing profits is important.

 For more real-time strategies every day, online technical learning, position unwinding etc., you can follow the official account of the mentor (Mr. Coin speaks about Coin) to get the addition method: The first ten each day can obtain free position unwinding strategies.

For more real-time trades every day, you can follow the official account (Mr. Coin speaks about Coin). You can learn online technical skills, position unwinding and more; I have studied the market for many years, researching the big trends in the cryptocurrency circle, and have studied in the US to mainly analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, etc. For those who do not know how to operate, you are welcome to study and learn together.

This article is exclusively created and shared by Mr. Coin in the cryptocurrency circle and only represents his unique viewpoint. There may be delays in the article sending, risks are self-borne, when trading, control positioning well, and do not operate with heavy or full positions.Mr. Coin wishes all friends and fans can achieve financial freedom, move forward together and keep pushing, during the depth of time, lightly holding onto understanding. In investing, one must learn to be optimistic. Do not let the future you dislike the current you. We live authentically, but we do not have to take every piece of data to heart. Let the past pass and let the future come quickly! Take care to rest yourself, sharpen your weapons, and be ready to set off at any time. Keep it up!

—— This article is written by Mr. Coin in the cryptocurrency circle, refusing to plagiarize, respecting originality!

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。