Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be overly 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, it is important to grasp the timing of trading and the current market trend; this will increase the success rate. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends learn while operating, summarizing gains and losses in a timely manner, deepening the understanding of risks and proper psychological planning, so as to reasonably avoid risks and become a qualified investor.

Mr. Coin's Analysis Reference for Bitcoin (BTC) on March 14

Dear friends, let’s take a look at today’s intraday Bitcoin market. Overall, today has been a pattern of rising and then falling. In the morning and into the afternoon, bulls actually tried to rebound, but the resistance we emphasized yesterday at around 73900 is still effective. The price peaked around 73870 but has been knocked down, now returning to the 71000 level; it is evident that the bulls' attempt to rise has failed again, and momentum is further waning. Looking at the short-term trend, the 4-hour chart has just formed a long upper shadow shooting star line, with the price quickly retreating after rising to 73900, indicating heavy selling pressure at the previous high position.

At the same time, on the daily chart, although there were three consecutive days of closing higher, the K-line bodies for yesterday and today are shrinking, combined with the 73900 double top prototype, indicating increasing technical adjustment pressure. The indicators also give warning signals. The fast and slow lines of the 4-hour MACD have crossed downwards, and the energy bars are shrinking, indicating that bulls are indeed weakening; more crucially, the MACD indicator and price on the daily level form a top divergence, with the price at a new high while the indicator does not reach a new high, which is a warning that the trend may be about to change. On the moving averages, the price has broken below the 4-hour EMA7 (71272), and is now testing the support of EMA30 (70160). If it cannot hold here, the EMA120 (69233) on the daily chart is the lifeline that determines whether this trend will deteriorate. Therefore, regarding the current market, we must respond flexibly, following the strategy of "high shorts, low longs". For upward resistance, first look at the 733500 position; if the rebound doesn't break it, then consider this area to trade lightly. For downward support, pay close attention to the 69000 level; if the price retests and stabilizes, a short long can be attempted. Currently, the market is fiercely contending between bulls and bears, and everyone must set stop losses carefully to manage risks. Follow Mr. Coin for real-time market analysis.

Short-term Reference for Bitcoin on March 14:

73500-73500 range short, defensive at 77000, stop loss 500 points, target below 72500,

69300-68300 range long, target above 70300, stop loss 500

Articles have delays in transmission; strategies are for reference only. The market changes rapidly, no matter how high your market judgment may be, be sure to have stop losses in place for safety.

For more daily real-time strategies, online technical learning, and exit strategies, please follow the official account of the mentor (Mr. Coin Talks Cryptocurrency) to get the addition method: the first ten each day can receive free exit strategies.

For more daily real-time updates, please follow the official account (Mr. Coin Talks Cryptocurrency) for online technical learning, exit strategies, and more. I have been researching the market for many years, focusing on major trends in the cryptocurrency sector, and have studied in-depth in the United States with an emphasis on analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are not familiar with trading, you are welcome to join and study together.

This article is exclusively shared by Mr. Coin and represents his unique viewpoint. There may be delays in article transmission, and risk is to be borne by oneself. Reasonably control your position when trading; do not trade heavily or fully. Mr. Coin wishes all fans to achieve financial freedom. Let’s move forward together and keep going. In the depths of time, hold onto a bit of understanding; in investments, one must learn to be optimistic. Do not let your future self resent your present self. We live authentically, but we do not need to take every data reveal too seriously. Let the past be the past and let the future come quickly! Take good care of yourself and prepare for action at any moment; let’s go!

—— This article is written by Mr. Coin, rejecting plagiarism and respecting originality!

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