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3.23 Monday Afternoon BTC Latest Thoughts, Weak Rebound, Continue Shorting
After a small pullback in early trading, it continues to oscillate upward, currently stopping at the 689 zone. At this point, don't sway back and forth. Any rebound is an opportunity to short.
Structurally, nothing has changed. It remains a bearish trend. The rebound move by BTC is merely giving shorts an opportunity to accumulate. Chasing longs on small rebounds is asking for trouble. In the afternoon, focus on the 690 resistance level. If it doesn't break this level, you can short at this zone, targeting the 675-665 area below. $BTC