Crypto News

March 15th Hot Topics:

1. JMP Securities: The inflow of funds into spot Bitcoin ETF may reach $220 billion in the next 3 years.
2. Within the past hour, the entire network has experienced a liquidation of $86.62 million, mainly from long positions.
3. Two senators wrote to the US SEC, urging the SEC not to approve other cryptocurrency ETFs.
4. JPMorgan: Retail and institutional investors have been buying gold and Bitcoin futures.
5. Tunisian Prime Minister: Tunisia will allow the use of cryptocurrencies in foreign exchange reform.

Trading Insights

1. About Entry

Entry is a trial-and-error process, and no entry can guarantee what will happen next. Entry is not the entirety of trading; it is just the beginning.

Seeking the perfect entry is the biggest trap in trading. Only by overcoming this can one truly begin to think about what trading is. Only then can one truly engage in the subsequent stages.

2. About Stop Loss

Stop loss must be decisive and resolute; this is the entry-level lesson of trading. Risky trading requires risk control. Being able to actively cut losses gives one control over the life and death of their account. This provides the opportunity to continue in uncertain markets.

3. About Take Profit

When taking profit, one must try to release the profit side as much as possible. If one cannot let go of the profit side and cannot withstand a pullback, they will only make small profits, never catch a trend, and may not even recoup the cost of trial and error.

In trading, one must actively control losses, and whether one can profit depends on the uncertain trend. Therefore, in trading, one must actively cut losses and let profits run. Only in this way can one have the opportunity to accumulate advantages and achieve positive returns.

4. About Trend

The market is uncertain, so the duration and length of oscillations and trends cannot be predicted.

However, it is difficult to achieve risk control with the mindset of enduring losses and taking profits when things are good. The mindset of cutting losses and letting profits run can achieve this. Therefore, in trading, a trend-oriented approach is a feasible hope for achieving profits.

Search for the public account: Big White on Coins

BTC

Analysis

Bitcoin oscillated upwards yesterday, breaking through to a new high of 73760 and then falling back to around 66700. Congratulations to friends who followed this strategy and profited from long positions. Currently, the price is running near 68150. The four-hour candlestick chart shows a continuous decline followed by a rebound, but it failed to continue the accelerated decline. The MACD is gradually increasing in volume with a bearish crossover, and the MA7 has turned downwards, showing signs of a bearish crossover. The short-term trend is leaning towards bearish. If the support at 65000 is not broken, the market will undergo oscillation and repair. Although the daily chart has continuously broken through new highs, the continuity is not significant. After forming a divergence at the daily chart high, a significant retracement occurred, with a drop of 7000 points. The bullish trend is gradually decreasing in volume with signs of a bearish crossover. If the daily chart can close above 69000, the bullish trend will hold the breakthrough and test 65000, providing an opportunity for buying at a low level. In the short term, it will enter consolidation, gather strength, and then break through. Resistance above is at 70000-72000, and support below is at 67000-65000.

ETH

Analysis

Ethereum's performance is relatively weak. Yesterday, it showed an overall oscillating downward trend, with a rebound in the early morning reaching a resistance at 3933, followed by an accelerated decline to the support at 3622. Currently, the price is running near 3720. The four-hour chart shows a consistent downward trend, exceeding personal expectations in terms of intensity. It has dropped a total of 400 points, indicating severe washing of positions in the short term. The indicators show a bearish trend with increasing volume and a bearish crossover, and the rebound strength is not significant. There is still a risk of a second dip. Not breaking the previous low is an opportunity to enter long positions. The daily chart shows a gradual decrease in high points, with continuous candlestick declines. In the short term, the bullish trend is temporarily stagnant. If it falls below the previous low, pay attention to the vicinity of 3550-3470. Focus on the closing price; if it can close above 3800, the bullish trend is not broken, and holders of low positions should continue to hold and look for a breakthrough to new highs. For short-term trading, observe more and act less. Resistance above is at 3800-3900, and support below is at 3600-3550.

Disclaimer: The above content is for personal reference only and does not constitute specific trading advice, nor does it bear legal responsibility. Market conditions change rapidly, and the article has a certain lag. If there is anything you do not understand, feel free to inquire.

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