March 17th, Monday Morning Viewpoint:

Bitcoin has ultimately pulled back, and the market trend is very much in line with expectations. Recently, we have been saying that the market is merely rebounding; it has not reversed and continues to be in a bearish trend. The market has directly plummeted, breaking recent fluctuations, and evening rebounds should continue to be short!

From a four-hour structural perspective, the moving averages continue to form a dead cross downward, and there is no sign of convergence, indicating that the bears still have considerable space. Therefore, evening rebounds should continue to be short, as the double top suppresses the price increase, making it clear that the bulls cannot create significant waves. The market trend is very evident; with slight rebounds, we can continue to short!

Monday Morning Bitcoin Recommendations

Short at the rebound level of 82850-83350, with a target looking down at the range of 81000-80500!