March 16th Bitcoin Afternoon Outlook:
The market has shown significant volatility this week, rebounding strongly from new lows, with precise indications provided through open channels. Technical analysis indicates that the daily chart is in a rebound cycle, with price B challenging the middle Bollinger Band resistance level. Both the hourly and 4-hour indicators show downward signals; if the corrective trend is strong, the market may continue to reach higher points. Therefore, the short-term operation suggestion is to focus on rebounds, and when the price reaches a high point and fails to break through, consider deploying a short position.
Operation Suggestion:
Bitcoin pullback to around 84,500 - 85,000, target 82,000; if it breaks through, look to 85,500
