Thursday Morning March 19 Bitcoin Latest Strategy: Downtrend Not Yet Complete, Slight Rebound Then Continue Short

Yesterday was a grand bear celebration feast. Another round of sharp decline opened up the lower space, declining all the way from 74600 to 70400. Our persistence finally bore fruit. Currently Bitcoin is oscillating around 71300.

At present, the daily chart shows a large bearish candle close, with consecutive bearish candles retracing to confirm the 76000 all-time high signal. Moving averages and various indicators all point to bearish momentum with signs of further continuation. In the 4-hour chart, there's been a continuous bearish line descent. With consecutive candle expansion volume, currently it has broken through the lower band, the short-term structure weakened again, meaning the bearish trend has formed. In terms of strategy, just follow the trend.

In the morning, you can reference shorting near 71500 and 72000, with targets below in the 70000-68000 zone. $BTC