March 14th, Friday, Bitcoin Morning Trading Strategy!
After a brief drop below the 79903 mark in the early morning market, the bearish trend did not continue downward, resulting in a rebound and correction. Overall, the trend is weakly fluctuating, but it is not advisable to blindly chase orders before a genuine breakout occurs. The long positions held from the early morning are still maintained, with a profit of over 1000 points.
From the perspective of the short-term chart, the wedge range is gradually contracting, with high points dropping sequentially, showing a fluctuating downward trend. Although the trend is bearish, there has not been a significant breakout. In the short term, the price of the coin is fluctuating within the 80000 - 84500 range. The 4-hour chart indicates that the price is under pressure from the EMA7, EMA30, and EMA120 moving averages, which are arranged in a bearish manner, with the rebound showing weakness. However, overall, it is still in the wedge range adjustment, and there are no signs of a breakout yet.
March 14th Friday Morning Trading Suggestion:
Open a long position near 80600 to 81000, targeting around 83500.
That's all for now, wishing everyone smooth trading. If you're unsure or not doing well, just stick to what you know! I will do my best to guide you, so everyone can easily grab profits!
