Tuesday, March 6th, Short-term Wide Fluctuations, After the Rebound, Continue to Consolidate

Recently, after the major cryptocurrency fell from its high position, the short-term rhythm has formed a wide range of fluctuations. The price fell to around 10,300 and then showed a rebound. In the short term, there has been a tug of war between bulls and bears, and yesterday's high short position also continuously took profits. In the current wide-range fluctuations, both bulls and bears have opportunities to participate.

In the daily chart's trend, the short-term rhythm is still leaning towards a bearish formation. Although there has been a rebound, the strength is not strong, and the adjustment after the decline has not recovered the previous drop. Bearish sentiment is already present. Looking at the 4-hour chart, the market is in a short-term downward fluctuation, and the rebound provided recently is also limited. Although there has been a rebound in the short term, it has reached the recent pressure zone. In the early morning, the price gradually rose but has now stopped. In the morning, we should still maintain a high short position!

On Tuesday morning, it is recommended to short the major cryptocurrency at 10,600-10,650, with a target focus on the 10,400-10,200 range.

On Tuesday morning, it is recommended to short Ethereum at 2,620-2,640, with a target focus on the 2,450-2,350 range.