Trading in the cryptocurrency circle is a long-term plan, not something that can be achieved overnight, so one should not be too anxious. 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 passed will eventually return. However, it's important to grasp the timing of trades and the current market trends to increase the success rate. At the same time, investing is also a growth process. Mr. Coin advises all friends in the cryptocurrency community to learn while they operate, to summarize their gains and losses in a timely manner, and to deepen their understanding of risk as well as the correct mindset planning, so as to reasonably avoid risks and become a qualified investor.

Mr. Coin's Cryptocurrency Analysis Reference for Bitcoin (BTC) on 3.11

The daily price of Bitcoin continues to rise. As mentioned in yesterday’s article, the focus is on breaking and stabilizing above the 70,000 line, and the upward movement is expected to continue. Currently, the trend is as anticipated, once again testing upward. On the 4-hour time frame, the price formed a shooting star with a long upper shadow at the high of $71,777 and then pulled back to around $70,000, highlighting short-term top pressure; while on the daily chart, after three consecutive days of bullish candles, a hammer candle with a long lower shadow appeared at the low of $68,391, indicating strong buying support below.

From the MACD indicator perspective, although the 4-hour level DIF (487.88) has crossed above DEA (136.74) forming a golden cross, the histogram has shortened, indicating a weakening of short-term upward momentum; while the daily MACD (1294) maintains a golden cross upwards, the price stands firmly above EMA7 (69,985), and EMA30 (68,960) and EMA120 (68,802) are in a bullish arrangement, focusing on the stability of the 70,000 line later. If the price can continue to stabilize above the 70,000 line, the upward trend is expected to continue. The short-term strategy remains to buy on dips, with support focused on the 69,500 line.

Short-term Reference for Bitcoin on 3.11:

73000-72000 range, defend at 75000 with a stop loss of 500 points, target below 71500,

69700-68700 range, target above 70500, stop loss 500

Mr. Coin's Cryptocurrency Analysis Reference for Ethereum (ETH) on 3.11

Recently, Ethereum's upward momentum has weakened, and it has tested the upper resistance at 2100 without breaking through. Currently, there are no significant breakout signals, so it is expected that the oscillating market will continue for some time. The current price is running at around 2050, having already reached the upper resistance, and has not yet provided a breakout signal for the range. Both bulls and bears are still at a stalemate, so our strategy is to go short at high and long at low. The upper resistance focuses on the area near 2100, while the lower support focuses on the area near 1970.

Short-term Reference for Ethereum on 3.11:
2080-2130 range, defend at 2380 with a target below 2030,

1950-2000 range, stop loss 50 points, target above 2040,

Note that the delivery of this information may be delayed, and the strategy suggestions are for reference only. The market changes rapidly, and no matter how high your judgment of the market is, be sure to manage your take-profit and stop-loss responsibly to secure your profits.

For more real-time trading strategies, online technical learning, and liquidation and exit strategies, you can follow the public account of the mentor (Mr. Coin Speaks Coins) to find out how to add. The first ten each day can receive free liquidation strategies.

For more daily real-time updates, you can follow the public account (Mr. Coin Speaks Coins) to access online market technical learning, liquidation strategies, etc. I have researched the market for many years, studying the overall trends in the cryptocurrency sector, and have studied in the U.S. focusing on analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, etc. Friends who are not familiar with trading are welcome to study and learn together.

This article is exclusively created and shared by Mr. Coin in the cryptocurrency circle, representing Mr. Coin’s unique perspective. The delivery of the article may be delayed, and the risk is borne by the reader. When trading, control your positions reasonably; do not operate with heavy or full positions.Mr. Coin wishes all fans can achieve financial freedom, move forward together, and cheer each other on. In the depths of time, hold on to what you understand, and in investing, it is essential to learn to be optimistic. Do not let the future you dislike the present you. We are living 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, sharpen your skills, and be ready to set off at any moment. Keep going!

—— This article is written by Mr. Coin in the cryptocurrency circle, and we refuse to plagiarize and respect originality!

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