March 18, Tuesday Morning Insights:

The overnight market for Bitcoin has rebounded somewhat, but the overall movement remains limited. After a slight pullback, the market has entered a phase of consolidation, with both long and short positions lacking momentum in the short term, leading to a localized convergence. From the daily chart structure, it is still operating below the downward trend line, but the contraction in space is relatively small, making the strength and weakness in the short term uncertain, waiting for a breakout. The daily technical structure focuses on the fluctuations between the upper and lower bands of the Bollinger Bands. We still maintain a bearish outlook for the market, and we shouldn't expect too much space in this situation; we can only take it step by step!

In terms of the four-hour structure, the overall shape of the market has slightly contracted space, with resistance at the upper band still at 85500-86000. The support at the lower band has contracted again within the wide range of 80000-79500. Due to the lack of unilateral momentum in the short term, short-term trading points should be prioritized; price levels are king, while direction is secondary. The position during the Asian session is neutral. When we transition to the European and American sessions, during a fluctuating market, it's best to wait for a certain amount of space to be released, determine the approximate range for the day, and then choose the right time to operate, which is more prudent to avoid back-and-forth trading. Holding positions in the middle of the range can be uncomfortable, so point-based trading is very important. I hope everyone approaches this rationally; today's theme is still bearish!

Tuesday Morning Recommendations:

Sell on the rebound at 84350-84850, targeting the lower range at 82000-81500!