Trading in the crypto space is a long-term plan, not something that can be decided in a day. Therefore, one should not be too hasty; even if there are losses in the short term, there is nothing to fear. As long as the subsequent direction is chosen correctly, what is lost will eventually return. However, it is important to grasp the timing of trading and the current market trends, as this will increase the winning rate. At the same time, investing is also a process of growth. Mr. Coin suggests that fellow crypto enthusiasts learn while they operate, and timely self-summary of profits and losses to deepen their understanding of risks and the correct mindset for planning, so as to reasonably avoid risks and become qualified investors.

Mr. Coin's Crypto Market Analysis for Bitcoin (BTC) on March 22

After this wave of decline on the 4-hour level, a candlestick with a long lower shadow was formed, indicating clear buying support at the position of 68237. Despite the three consecutive bearish daily lines, the most recent candlestick's lower shadow is also relatively long, indicating that as bears push down, buying support has begun to appear below, and the momentum of the decline has weakened. Looking at the indicators, both the 4-hour and daily MACD are still below the zero axis, but the histogram is already contracting, indicating that the bearish strength is weakening, and there is a technical demand for a short-term rebound. The moving average system is currently still in a bearish arrangement, with prices running below all EMA moving averages, but the current deviation has reached about 5%. The short-term deviation rate is relatively large, and there is an expectation for an upward correction technically.

In terms of trading volume, after a previous increase in volume leading to a decline at the 4-hour level, this rebound is occurring on reduced volume, indicating that there is still a weak intent to chase higher prices, but at least bears are not aggressively selling. This trend is more pronounced at the daily level, with the trading volume gradually decreasing over the past three days, moving from sharp declines to a stabilized low volume, indicating that selling pressure is slowly easing, which is a positive signal. Overall, the support level at 68237 is temporarily effective, bearish momentum is weakening, and with the large deviation needing correction, it is highly likely that there will be a rebound in the short term. However, this rebound is currently still in a state of reduced volume, with the height first checking if it can regain the EMA7 moving average on the 4-hour chart. Once stabilized, the rebound can have sustainability. See you tomorrow. Follow Mr. Coin for real-time market analysis.

Short-term Reference for Bitcoin on March 22:

Range of 70500-71500 for trading, with defense at 74500 and a stop-loss of 500 points, target below 70000.

Range of 68300-67300 for trading, target above 69500, stop-loss of 500.

There may be delays in sending information, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how accurate your market judgment is, stop-loss and take-profit must be managed well to secure gains.

For more real-time strategies every day, you can follow the public account (Mr. Coin Talks Crypto) for online technical learning, unpacking strategies, etc. I have been researching the market for many years, studying major trends in the crypto space, and have studied in depth in the U.S., providing analysis guidance for BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are not experienced traders, feel free to learn and research together.

  For more daily real-time trading strategies, online technical learning, unpacking methods, etc., you can follow the mentor's public account (Mr. Coin Talks Crypto) to receive it. The first ten on the daily list can receive free unpacking strategies.

The content of this article is exclusively shared by Mr. Coin in the crypto space and represents his unique viewpoint. There may be delays in sending information, with risks borne by the reader. Manage positions wisely when trading, and avoid heavy or full-margin operations. Mr. Coin wishes all fans to achieve financial freedom, moving forward together, staying hopeful. In the depths of time, hold onto understanding, and always learn to be optimistic in investing. Don't let your future self dislike your present self. We live truly, but not every data revelation needs to be taken to heart. Let the past be the past, and may the future arrive swiftly! Take time to recharge, sharpen your skills, and be ready for action. Let's go!

—— This article is written by Mr. Coin in the crypto space, refusing plagiarism and respecting originality!

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