3·20 Friday

Time flies so fast. Today is the 2nd day of the second lunar month, also known as the Dragon Raises Its Head, the beginning of spring when all things are renewed. Wishing everyone great fortune ahead.

This week has been thrilling indeed, with prices surging continuously, reaching a high of 76000 before pulling back under pressure, with lows dropping to 69, a decline of nearly 7000 points. The bears remain fierce. Yesterday Jiang Wei arranged shorts around 74, perfectly pulling back to target.

Looking at the 4-hour chart, after probing the bottom, prices are rebounding. This is a normal pullback-rebound formation, and only with rebound accumulation can we better break down. MACD shows bearish signals with volume, but the energy bars are slightly biased bearish, suggesting ranges oscillation in the intraday price. However, from the overall market perspective, I'm more inclined to short.

For the daytime session, I suggest shorting in batches in the 70700-71200 range with targets toward 68800, breaking down to look toward 66000#BTC #ETH