3.20 Thursday Strategy:
The favorable news from the interest rate meeting early this morning led to a general surge in the secondary market, with the major index at one point rising over 4,000 points. The entire market is in a state of lament. The rise driven by this positive information cannot be supported by sufficient volume at the bottom, and is merely an increase driven by emotions. It will eventually return to the original point, after accumulating enough energy at the bottom to attempt to break through the recent highs again.
Today, we will continue to look for retracement space, watching around 86,000 - 85,000, with a target near 83,000. #BTC