March 8th, Saturday, Bitcoin midday operation strategy!
During the weekend rhythm, the Bitcoin daily chart is contending around 86,000, with neither bulls nor bears showing much continuation. However, from an overall trend perspective, the market maintains a downward posture, and there is potential for the price to continue rising. In this strong structure, we will persist with our low-position long strategy as always, without easily changing it, to align with the market trend.
On the 4-hour chart, the overall trend shows a state of fluctuating decline, with Bitcoin being dominated by bearish forces. The K-line pattern has shown multiple head and shoulders tops, indicating that rebounds encounter significant resistance. Especially, the price has repeatedly failed to break above the important resistance level of 88,000, continuing to probe down to the low point of 84,000, with the weekend primarily focused on fluctuating repairs.
That's all for now, wishing everyone smooth trading. If you're unsure and not doing well, just remember to keep it fun! I will also do my utmost to guide you, so everyone can easily capture profits!