Wednesday, March 6th, strong pressure area remains intact, continue to short during the day

Yesterday, the market for Bitcoin exhibited an overall upward trend with fluctuations, rising in the morning, pulling back in the afternoon, and rising again at night. Currently, there has been another round of declines. Yesterday, I suggested shorting Bitcoin at 106500. After a round of rebounds reaching the current position, it is declining again. The bearish outlook has also been realized at 1700 points. I arranged another short position at night, which is still held.

On the daily chart, since the price reversal of the currency, the market has continued to decline. In the short term, there was a certain rebound action, but the strength is relatively weak. After a series of consecutive declines, it corrected with small upward movements. The bullish attack lacks sufficient volume, making it difficult for the rebound to achieve effective continuation to form a one-sided rhythm. Currently, the short-term rebound has once again come to a halt, and the overall downward trend is still intact. As long as the downward trend remains unbroken, the operation will continue to maintain the bearish outlook.

On Wednesday morning, it is suggested to short Bitcoin at 105700-10600, with a target focus on the 103300-101000 line.

On Wednesday morning, it is suggested to short Ethereum at 2620-2630, with a target focus on the 2500-2450 line. #加密市场反弹