March 18, Tuesday, Morning Analysis of the Pancake!

From the hourly technical structure chart, the price channel is oscillating and trending downwards, breaking below. The lower channel shows signs of opening up, but due to the slow rhythm, pullbacks are accompanied by repairs. The frequent conversion of bullish and bearish volume is evident, and the oscillating downward pattern is clear. For the upcoming short-term strategy, we will maintain a bearish position on rebounds.

On the four-hour level, the operating channel forms a strong contraction and is under pressure at the upper track. The price is weakly declining within the box, and bullish volume release is hindered, showing a weak state. The moving averages do not show a clear upward reversal, and the smaller cycles also indicate a further demand for decline. The oscillation in the short term is evident, with resistance leading to a pullback. For the upcoming strategy, we will focus on short positions at high levels.

Bitcoin personal operation suggestion: Short at the 84300 area, with a target of 83200-82000. If it breaks through, continue to look down!