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3.4 Major Bitcoin Auntie Morning Thoughts
The current market situation is actually not complicated at all — bears are the main theme.
There are rebounds, but each rally seems lacking in confidence, unable to push higher, with volume unable to keep up, and the rhythm clearly weak. Essentially, it's a slow decline within a sideways movement, a gradual downward trend under a weak structure, not a bullish takeover. So there's no need to change the strategy, nor should there be. Rebounds are just opportunities for bears to get on board.
Personal suggestions:
Bitcoin: Enter short at 68,800-69,500, target down to 66,000, break below to watch 64,500
Auntie: Enter short at 2,000-2,030, target down to 1,950, break below to watch 1,880
$BTC $GT