Trading in the cryptocurrency market is a long-term plan, not something that can be achieved overnight, so one should not be too hasty. Even if there are losses in the short term, it is not something to be afraid of. As long as the subsequent direction is chosen correctly, what has been lost will eventually return. However, it is important to grasp the timing for placing orders and the current market trends to improve the win rate. At the same time, investment is also a growth process. Mr. Coin advises all cryptocurrency friends to learn while they operate, to summarize their gains and losses in a timely manner, deepen their understanding of risks, and plan for the correct mindset, so that they can reasonably avoid risks and become qualified investors.

Mr. Coin's Analysis Reference for Bitcoin (BTC) on March 15

Friends, there are several key signals on this chart that need to be watched closely! First, the 4-hour chart has recently formed a textbook double top pattern (with two peaks at 73913.74 and 72249.99), and the neckline is around 70500. Currently, the price is repeatedly contesting this neckline, and if it is effectively broken down, technical selling pressure will emerge rapidly. 

From a daily perspective, there have been three consecutive days of candlesticks with long upper shadows, indicating that the "high-pressure line" above 72000 lives up to its name, with heavy selling pressure, and the willingness of main funds to go long at this position is not strong. Switching to the 1-hour chart, the price has formed a descending triangle consolidation, with the lower support around 70300, which has been retested multiple times, and the strength of support here is being continuously consumed, so friends should pay attention. The indicators are also not very optimistic: MACD: After the fast and slow lines on the 4-hour chart crossed bearishly, the opening is still expanding, and the negative value of the histogram has dropped to -250, indicating that bearish momentum is still increasing, making reversal difficult in the short term. EMA: The price has currently fallen below EMA7 (70817) and is testing the support of EMA30 (70361). If this cannot hold, the next medium-term defense line will be around the 120-day moving average at 69381.

In summary: Selling pressure is heavy above 72000, the 4-hour double top structure is suppressing, and the short term is moving in a descending triangle. The neckline at 70000 is the dividing line for short-term bulls and bears; if this is lost, the 120-day line at 69381 is likely to face testing. In terms of operations, unless there is a significant recovery above 71200, the short-term outlook is bearish; do not rush to catch falling knives. Follow Mr. Coin for real-time market analysis.

Short-term Reference for Bitcoin on March 15:

In the range of 71500-72500, defensive at 74500, stop loss at 500 points, target below 70500,

In the range of 69300-68300, target above 70300, stop loss at 500.

There may be delays in article transmission; strategy suggestions are for reference only. The market changes rapidly, and while judgment accuracy may be high, always manage profits and losses effectively, securing profits.

 For more real-time trading strategies and online technical learning daily, you can follow the official account of the mentor (Mr. Coin Talks Crypto) to get the method of adding: the first ten each day can receive free unlock strategy.

For more daily real-time trades, you can follow the official account (Mr. Coin Talks Crypto) to obtain it, as well as online market technical learning, unlocking exits, etc. I have researched the market for many years, studying the major trends in the crypto space, and have undergone advanced study in the US focusing on analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are unsure how to operate, feel free to join in studying together.

This article is exclusively shared by Mr. Coin, and only represents his unique viewpoint. There may be delays in the article's transmission, and risks are to be borne by the reader. Reasonable position controls are essential for trading; do not operate with heavy or full positions. Mr. Coin hopes all fans can achieve financial freedom; let’s advance and motivate each other. In the depths of time, gently grasp an understanding; in investing, it is necessary to learn to be optimistic. Do not let your future self dislike your present self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be past, and let the future come quickly! Take good care of yourself, sharpen your skills, and be ready to set off at any time. Let's go!

—— This article was written by Mr. Coin, plagiarism is rejected, and original work is respected!

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