(March 19 Afternoon) BTC Market Overview | Washout Incomplete, Rally Then Decline, Maintain Short Position at High Levels
The 69000–68000 range below is where the most concentrated chips from this round of gains are positioned. Yesterday's sharp decline directly erased 8 days of bullish gains; $3.90 billion in 24-hour long liquidations, though relatively moderate compared to recent periods, indicate that deleveraging and washout are still incomplete.
Current market structure presents a typical bull trap followed by a kill: U.S. stock opening tonight will likely rally first to trap longs, then weaken and decline again. Continue holding short positions at high levels, betting on a secondary test of the bottom; don't blindly buy the dip, don't buy against the trend, patiently wait for the washout to complete. Not sure when you can enter? Try pinning Bamboo Leaf 🤔 $BTC $ETH $SOL #TradFi首创多倍杠杆
(March 19 Afternoon) BTC Market Overview | Washout Incomplete, Rally Then Decline, Maintain Short Position at High Levels
The 69000–68000 range below is where the most concentrated chips from this round of gains are positioned. Yesterday's sharp decline directly erased 8 days of bullish gains; $3.90 billion in 24-hour long liquidations, though relatively moderate compared to recent periods, indicate that deleveraging and washout are still incomplete.
Current market structure presents a typical bull trap followed by a kill: U.S. stock opening tonight will likely rally first to trap longs, then weaken and decline again. Continue holding short positions at high levels, betting on a secondary test of the bottom; don't blindly buy the dip, don't buy against the trend, patiently wait for the washout to complete. Not sure when you can enter? Try pinning Bamboo Leaf 🤔
$BTC $ETH $SOL #TradFi首创多倍杠杆