3.16 Sunday Evening Bitcoin Ethereum Strategy! The rebound is not a reversal! Short!!!
From the 4-hour candlestick chart, the trend of Bitcoin continues to decline, and the magnitude of each rebound is gradually weakening, indicating that the strength of the bulls is clearly insufficient. This does not mean that the market is about to reverse and rise, but rather a normal rebound to accumulate energy for the subsequent decline. Therefore, the trading strategy in the upcoming period will still be mainly bearish, and we should continue to maintain a short position.
Operation Suggestions
Short Bitcoin at 83200-82700, target 81000-80000
Short Ethereum at 1920-1890, target 1800-1750
