Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. Even if losses occur in the short term, there is nothing to fear. As long as the subsequent direction is chosen correctly, what is lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to improve the win rate. At the same time, investing is also a process of growth. Mr. Coin advises all cryptocurrency friends to learn while trading, summarizing gains and losses in a timely manner to deepen their understanding of risks and proper mindset planning, so that risks can be reasonably avoided and one can become a qualified investor.

Mr. Coin in the cryptocurrency circle: 3.18 Bitcoin (BTC) market analysis reference

Regarding the recent market trend, many people are asking if we have reached the peak. Let’s analyze the K-line chart and let the data speak. First, looking at the 4-hour level, excluding the high point of 76000, it is very clear that a double-top structure has formed here. One top is at 74799 and the other at 74800, almost aligned. What does this indicate? It indicates that the price has tried to rise here twice but has been pushed down, and there is significant selling pressure at this level. Now? The price has already retreated from the double-top, testing the support area around 73500 multiple times. Switching to the daily level, we can see a very critical signal: for three consecutive days, the daily K-line has closed with long upper shadows. What is this called in trading? It is called a "ceiling," indicating that as long as it reaches around 76000, it will be smashed down, as there is significant selling pressure above 76000. Looking at the smaller time frames, the 1-hour chart shows a "three consecutive bearish" pattern, indicating that the bears are gaining momentum. But pay attention, although it has dropped three lines, it has not broken the key support level of 73500. As long as this level holds, the structure of the larger trend remains intact.

Next are the technical indicators, beginners should pay attention. First, look at MACD: at the 4-hour level, the fast line (DIF) has crossed below the slow line (DEA), forming a death cross, which is a short-term adjustment signal. At the same time, the MACD red bars (histogram) on the daily level are starting to shorten, indicating that the strength of the upward assault is weakening. Next, looking at the moving averages (EMA): although the price is falling, it is currently firmly above EMA30 (which is 72709 USD). Meanwhile, the short-term EMA7 (74058) and EMA30 are still in a bullish arrangement, indicating that the larger cycle's upward trend has not yet been destroyed.

An easily overlooked point is the trading volume. Looking at this pullback, the trading volume is decreasing. For instance, it went from 122.5 billion to 67.3 billion and then to 1.4 billion, indicating that it is not the main force dumping wildly, but rather the market is adjusting with reduced volume, which is relatively healthy. On the other hand, the trading volume at the daily level has indeed been continuously declining over the past three days, indicating that there is no new large capital entering the market in the short term.

So to summarize, the current market situation is that there is resistance at high levels, but there is also capital supporting the lower levels. The focus now is on the 74000 position and the defense situation at 73500. See you tomorrow. Follow Mr. Coin for real-time market analysis.

3.18 Bitcoin short-term reference:

In the 74800-75800 range, defend at 78500 with a stop loss of 500 points, targeting below 74000.

In the 72300-73500 range, target above 74300 with a stop loss of 500.

Messages may have delays, strategy suggestions are for reference only, market conditions change rapidly, regardless of how accurate your judgment is, be sure to manage your take profit and stop loss, reaping the rewards is paramount.

 For more real-time trading strategies and online technical learning, and to exit positions, you can follow the mentor's official account (Mr. Coin Talking Coin) for addition methods: the first ten of the day can receive free strategies for exiting positions.

For more real-time trading strategies, you can follow the official account (Mr. Coin Talking Coin) for online technical learning and exiting positions. I have researched the market for many years, focusing on the major trends of cryptocurrency, and have studied in the US multiple times, mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. Welcome to research and learn together for those who are not familiar with trading.

The content of this article is exclusively created and shared by Mr. Coin in the cryptocurrency circle, representing only Mr. Coin's unique viewpoint. Article messages may have delays, and risks are self-borne. When trading, manage your positions rationally, avoiding heavy or full position trading. Mr. Coin wishes that all fans can achieve financial freedom, advancing and striving together, as time goes on, holding on to a sense of understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your current self. We are living truly, but not every data revelation needs to be taken too seriously. Let the past be past, and let the future come quickly! Take care of yourself, sharpen your skills, and be ready to be prepared for action. Let’s go!

——This article is written by Mr. Coin in the cryptocurrency circle, refuse plagiarism, respect originality!

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