Trading in the cryptocurrency market is a long-term plan, not something that can be achieved overnight, so one should not be overly anxious. Even if losses occur in the short term, there is nothing to be afraid of. As long as the subsequent direction is correctly chosen, what is lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to increase the success rate. At the same time, investing is also a process of growth. Mr. Coin suggests that all crypto friends should operate while learning; both profits and losses should be self-reflected in a timely manner to deepen the understanding of risks and proper mindset planning, which can reasonably avoid risks and become a qualified investor.

Mr. Coin's market analysis reference for Bitcoin (BTC) on March 19

Many people have been asking in recent days, wasn’t there a breakthrough a few days ago? Why is it starting to drop again? Don’t worry, today we will discuss what conditions count as "washing" after a breakout and what conditions indicate a "peak". Let's look at the market changes that everyone is most concerned about. From the 4-hour level, a relatively obvious correction signal has emerged: several consecutive bearish candles have already broken the support of the critical short-term moving average—EMA7. This indicates that the short-term upward momentum has been interrupted, and the market has entered a correction phase. Switching to the daily chart, we need to clarify the structure. On March 16, there was a long bullish candle with strong volume that broke through critical resistance, which is significant. But everyone should remember, any healthy rise will not be a straight line. What the price is doing now is called "retracing for confirmation". Currently, it is retracing to the psychological level of 71000. Looking downward, the more critical support is at 70000. 70000 is not only a round number but also the psychological defense line for this wave of trend.

From the indicator perspective, looking at MACD: at the 4-hour level, the fast line has crossed below the slow line, forming a death cross, which is a signal for short-term adjustment. At the same time, the MACD red bars at the daily level are starting to shorten, indicating a temporary decrease in the previously strong upward momentum. Regarding the moving averages: the price has already fallen below the 4-hour EMA7 (which is 72347), showing a short-term rebound attempting to test the EMA30 (72539) resistance. EMA30 is known as the "lifeline" of the short-term trend, and whether it can be broken through is crucial. Looking down, the 69500 to 70000 range is a larger bullish defense line; as long as this level holds, the mid-term upward structure is still intact.

Trading volume. The current 4-hour trading volume has shrunk to 1233 coins. This indicates that there is no panic in the market, but no one is in a hurry to buy; everyone is waiting and watching. This volume contraction during a correction is not scary in itself, but what is frightening is if there suddenly becomes a surge in volume at some point, especially if it breaks below 70000, that could trigger a chain of sell-offs. Therefore, the focus moving forward should be on 70000. If it holds here, it’s a washout; if it doesn’t hold, the trend must be reassessed. See you tomorrow. Follow Mr. Coin for real-time market analysis.

Short-term reference for Bitcoin on March 19:

Range of 72800-71800 as support, defend at 73500, stop loss at 500 points, target below 71000.

Range of 70300-69300 as support, target above 71300, stop loss at 500.

Sending out articles may experience delays; strategy suggestions are for reference only. The market changes rapidly; regardless of confidence in market judgment, always set take-profit and stop-loss measures to secure profits.

For more real-time trading strategies daily, online technical learning, and exiting positions, please follow the teacher's public account (Mr. Coin Talks Currency) for addition methods: the first ten people daily can receive free strategy for exiting positions.

For more real-time trades, you can follow the public account (Mr. Coin Talks Currency) for online market technical learning, exiting positions, etc. I have researched the market for many years, studying major trends in the cryptocurrency market, and have studied extensively in the U.S. to mainly analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, etc. For those who are unsure how to operate, you are welcome to join the study together.

This article is exclusively shared by Mr. Coin of the cryptocurrency market, representing Mr. Coin's unique views. The article may experience delays in sending; risks are self-borne. Control positions reasonably when trading, and avoid heavy or full positions. Mr. Coin wishes that all fans can achieve financial freedom, moving forward together, and cheering each other on. In the depths of time, embrace a sense of understanding; in investment, it is essential to learn to be optimistic. Do not let your future self dislike your present self. We are living authentically, but not every data revelation should be taken too seriously. Let the past be past, and let the future come as soon as possible! Rest, prepare, and get ready to embark at any moment. Let's go!

—— This article is written by Mr. Coin of the cryptocurrency market, plagiarism is refused, and originality is respected!

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