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3-14 Saturday - Market Analysis: Focus on Shorting from Above, Follow the Trend to Go Short
Last night, Bitcoin experienced extreme wash-out trading with violent fluctuations of thousands of points up and down. After a double kill of longs and shorts, chip exchange was completed. In the short term, the bearish structure is dominant, and bounces present shorting opportunities.
Saturday enters the light weekend cycle where institutional funds exit and liquidity shrinks. The market tends to show weak consolidation and rally rejections, with false breakouts occurring frequently. Overall trading cost-effectiveness is low. Today, focus on shorting from above—do not catch bottoms or go long.
Core Strategy
Primary focus on shorting rebounds, avoid catching falling knives on pullbacks, follow trend on breakouts and add positions
Operation Suggestions
Short near 71,500-72,000, target 69,500-70,000 #Gate广场AI测评官 #Gate2月衍生品市场份额创新高 #加密市场上涨