Bearish dominance, mainly shorting on rebounds, avoid blindly bottom-fishing Left-side downtrend, weak rebounds, breaking key levels → short-term bearish, waiting for rebounds to short, no chasing longs, no counter-trend longs
Trading suggestions: ◦ Stand firm at 65230 on the hourly chart, and break through with volume to go long ◦ Targets: 66010–66580 ◦ If unable to break through 65230 → decisively avoid long positions
◦ Chasing shorts at current price is not cost-effective → wait for a rebound ◦ Rebound to the 65230–66010 zone faces resistance → open short positions ◦ Targets: 64730 → 63730 → 62730
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March 23rd Midday Bitcoin Public Outlook
Bearish dominance, mainly shorting on rebounds, avoid blindly bottom-fishing
Left-side downtrend, weak rebounds, breaking key levels → short-term bearish, waiting for rebounds to short, no chasing longs, no counter-trend longs
Trading suggestions:
◦ Stand firm at 65230 on the hourly chart, and break through with volume to go long
◦ Targets: 66010–66580
◦ If unable to break through 65230 → decisively avoid long positions
◦ Chasing shorts at current price is not cost-effective → wait for a rebound
◦ Rebound to the 65230–66010 zone faces resistance → open short positions
◦ Targets: 64730 → 63730 → 62730
◦ Break below 64670 (4-hour chart) → accelerate downward to 63730–62730
$BTC
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