March 19, Wednesday's Morning Opinion from Da Bin:

The overnight Bitcoin has rebounded somewhat, but the strength of the rise is limited, and it has not broken through the key resistance. It is still a bearish downtrend, and the rebound is still an opportunity to short; do not question it. The rebound strength is not strong, and it will eventually lead to a decline, so we remain bearish going forward!

From a four-hour structure perspective, Bitcoin has made a slight rebound after a long period of consolidation following a dip, but the upward strength is limited, so the market remains a bear's territory. The current rebound is a normal correction in the downtrend! Although there was an overnight pullback, it still did not break through the most critical resistance, so we continue to maintain a bearish outlook today!

Trend is king, go with the trend! The evolution of the market is full of twists and turns, and rebounds in a downtrend are commonplace. For trend trading, every adjustment is a great opportunity to re-enter! For example, now, we will continue to short based on the pressure level of 84500, unless the market breaks through; otherwise, there is only one direction: short and bearish!

Wednesday's Morning Suggestion for Bitcoin

Short at the rebound of 82850-83350, with a target looking down at the 81000-80500 range! #币安上线BMT #币安Alpha2.0 #BNBChainMeme热潮 #你看好哪一个山寨币ETF将通过？ #Strategy增持比特币 $BTC $ETH $XRP