Crypto News

March 18th Hot Topics:

1. Yesterday, an address was liquidated with vBTC and vETH worth $19 million.
2. Less than 5000 blocks remaining until the Bitcoin block reward halving.
3. 9 US spot Bitcoin ETFs hold over 450,000 BTC.
4. This week's unlock data: ID will unlock tokens worth over $100 million at once.
5. Musk's Grok open source.

Trading Insights

1. Sometimes the best trade is not to trade at all. Learning to rest and reducing mistakes increases the ability to profit. The purpose of trading is to make money. When the profit potential of a position is not significant, reduce the investment scale or exit the market completely.

2. Most of the time, the market is not worth trading (or not worth heavily trading). Do not rush in these times, endure loneliness, and rest professionally to seize the few opportunities for heavy trading in the market.

3. Gradually develop the mindset and habits of long-term trading. With the trading target set, do not overly focus on the development of the market.

4. Develop your own trading decision-making system and have your own perspective on the market. Have a certain ability to foresee the market. Only trust your own thoughts during trading and try to eliminate external interference. In short, respect the market and believe in yourself.

5. No one can truly predict the entire development process of the market. You can use relatively correct analysis to approach the reality of the market, but always include a reasonable trading strategy. Only facts and the market have the final say.

6. The process of trading is a process of learning. Regularly check your trading mindset and psychology. Strive to listen to your inner voice.

7. Think carefully and take the initiative. Trading requires a reason, and this reason should at least convince yourself. Never put yourself in a situation where you are unable to stop in the market.

8. To be a good trader, be a good person first. In life, be strict with self-discipline, maintain physical and mental health, and strive to improve your trading realm and wisdom.

Search for the public account: Big White Coin

BTC

Analysis

Bitcoin broke the previous low to the support level around 64550 yesterday, then rebounded all the way up to the resistance level around 68900. Congratulations to friends who followed the long position strategy for gaining nearly 4000 points. Currently, the price is running around 68000. The four-hour chart shows that the rebound is blocked but the decline is not significant. The MACD is in a bullish state with a golden cross of the two lines, and the MA7 shows signs of turning upwards. The current market trend is slow, in a sideways oscillation phase. Pay attention to the 67500 support level below, if not broken, there will be another rebound. The daily chart closed with a hanging man candlestick, indicating that the bulls held the 65000 support. Although the indicators lean towards bearish, the downward momentum is temporarily slowed. The probability of another significant decline is small. If the daily chart can hold steady at 69000, there is an opportunity for further upward movement. After the oscillation adjustment, there is still momentum for another upward move. The strategy still revolves around the long position as the main focus and the short position as the secondary focus. The resistance above is 69000-70500, and the support below is 67500-66000.

ETH

Analysis

Ethereum followed Bitcoin in a downward trend yesterday, dropping to the support level around 3412 and then rebounding. The price then rose to the resistance level around 3680, and congratulations to friends who followed this strategy for gaining 200 points in long positions. Currently, the price is running around 3630. The four-hour chart shows that the rebound reached the MA120 moving average line and was blocked. This line, which was a previous support line, has now turned into resistance. There is a demand for a short-term market decline, but the signal is biased towards the bullish side. It is expected that the decline will not have much room. Pay attention to the 3560 support level below. The daily chart shows six consecutive weak bearish candles, touching the MA30 moving average support and forming a pin bar. The current trend is in a sideways consolidation phase, with neither the bulls nor the bears continuing. The 3400 level has been held, and it is expected that there will be a rebound in the future market. The overall trend still favors the bullish side, so the strategy remains unchanged, with the main focus on long positions and the secondary focus on short positions. The resistance above is 3680-3800, and the support below is 3560-3500.

Disclaimer: The above content is for personal reference only and does not constitute specific operational advice, nor does it bear legal responsibility. The market situation changes rapidly, and the article has a certain lag. If there is anything you don't understand, feel free to ask for advice.

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