Trading in the cryptocurrency market is a long-term plan, not something that happens overnight, so one should not be overly anxious. Even if there are losses in the short term, there is nothing to be scared 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 trades and the current market trends to improve the win rate. At the same time, investing is also a process of growth. Mr. Coin suggests that fellow coin enthusiasts operate while learning, summarize gains and losses in a timely manner, deepen their understanding of risks, and develop a correct mindset plan; this way, they can reasonably avoid risks and become qualified investors.

Mr. Coin in the Cryptocurrency Market: March 16 Bitcoin (BTC) Market Analysis Reference

First, let's look at the short-term. On the 1-hour level, here we have just seen a candlestick with a long upper shadow, reaching a high of around 71971 before quickly retreating. Currently, the psychological level of 72000 is under heavy selling pressure, and it is expected to test adjustments before any direct breakout in the short term. However, if we extend the period slightly to the daily level, the trend is completely different. The daily chart has shown three consecutive bullish candles, and today's candlestick has solidly broken through the previous high resistance level of 71213.5. Looking at this structure, breaking through the previous high, retracing, and then rising again illustrates a very standard upward N-shaped pattern—a typical bullish signal.

So the current market is quite interesting, with short-term and long-term conflicting. From an indicator perspective on the 1-hour level MACD, you can see that the DIF line has crossed below the DEA line, forming a dead cross at a high position, which is indeed a signal for a pullback. However, looking at the daily level MACD, here comes the key point: the energy bars have turned from negative to positive, and are now red. What does this mean? It means that the bullish momentum of the larger cycle has begun to activate.

Next, looking at the moving averages, EMA7, EMA30, and EMA120 are currently in a bullish alignment, with prices consistently running above them. Therefore, for the upcoming market, Mr. Coin's view is: the short-term does require a pullback to digest the selling pressure around 72000; however, the bullish trend in the larger cycle has not changed. In such a situation, if short-term can retrace and stabilize at moving averages, it can actually present opportunities.

March 16 Bitcoin Short-term Reference:

The range of 71800-72800 is recommended for defense, with 74500 as the stop loss, and a target below 708500.

The range of 69300-68300 has a target above 70300, with a stop loss of 500.

There may be delays in sending signals; strategy recommendations are for reference only, as market conditions can change rapidly. Regardless of the accuracy of market judgments, you must always set stop-loss and take-profit points to secure your gains.

For more daily real-time trades, follow the public account (Mr. Coin Talks Cryptocurrency) for access, where you can learn online technical analysis, exit strategies, and more. I have been researching the market for many years, studying the major trends in the cryptocurrency space, and have pursued further education in the US to provide insight into BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. I welcome all coin enthusiasts who struggle with trading to collaborate on research and learning.

 For more daily real-time trade strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin Talks Cryptocurrency) to find out how to add. The first ten people each day can receive free strategies for exit techniques.

This content is exclusively shared by Mr. Coin in the cryptocurrency market and represents his personal viewpoint. There could be delays in sending articles; risks are to be borne by the reader, and it is essential to reasonably control your position in trading—do not over-leverage or operate with full margins. Mr. Coin wishes all fan friends can achieve financial freedom, let us move forward together. In the depths of time, hold onto understanding; optimism is essential in investing. Don't let your future self dislike your present self. We live genuinely, but we don't have to get overly serious over every revealed data point. Let the past be the past; let the future come swiftly! Prepare yourself well, sharpen your tools, and be ready to set off at any moment. Keep going!

——This article is written by Mr. Coin in the cryptocurrency market; no plagiarism allowed, respect originality!

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。