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"Bitcoin short-term rally is about to rise and rebound"
Monthly return rates show that there has never been a month with a decline of more than 1%.
At the end of the month, will it drop by -10% or rise by +5%?
Currently, BTC is at $66,500, just less than 1% away from the $67,000 bullish candle.
Figure 1: Bitcoin 3-day chart
A new 3-day candle will start tomorrow. In the past two months, every time there was a large bearish 3-day candle, the following 3-day candle would rebound with a bullish move.
That means starting tomorrow, Sunday, through Monday next week, we will see a big rally and rebound, completing a bullish 3-day candle. Meanwhile, the monthly chart will also close with a bullish candle, ending BTC’s five consecutive months of decline.
Da Bing Trading has 8 years of experience in BTC trading. The short-term bullish target remains at 71,000.
Am I right? Everyone can keep this in mind and check whether BTC rises or not on the evening of Monday, March 30, in two days!