3-9 Midday Market Analysis: Weakness Under Pressure, Focus on Selling High

As previously mentioned, rebounds are opportunities to short, and the chance to sell high has always been present. The midday session continues the pattern of high-level resistance and decline. Bitcoin's 1-hour chart shows a rally to 67,700 followed by resistance and a pullback. The rebound momentum continues to weaken, and the bulls are clearly losing strength. Since the high of 71,500, the MA7 and MA30 moving averages are in a bearish alignment, with short-term moving averages continuously suppressing the price. The previous support at 65,500 only triggered a weak rebound and did not form an effective reversal.

On the macro level, expectations of tightening liquidity are heating up, and market sentiment remains cautious. Bullish capital is reluctant to enter, and trading volume continues to shrink. The short-term trend is oscillating downward, with rebounds facing resistance as the main theme. Do not blindly chase bottoms.

Trading Strategy

Bitcoin: Short in batches around 67,500–68,000, targeting 66,000–65,500
Altcoin: Short in batches around 2000–2020, targeting 1850–1880