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3.12 Thursday, Bitcoin Afternoon Outlook
The market is becoming more and more volatile and lively. Last night, Bitcoin surged to 71,300 before "plunging" directly, dropping to around 69,100. It then oscillated slightly at the low level. Our bearish outlook and short positions were once again accurately fulfilled!
In the short term, the rebound momentum is quickly exhausted. Do not chase longs! Keep a close eye on the 69,000 support level. If it is effectively broken, the downward space will open up immediately. The afternoon strategy remains unchanged, mainly focusing on short positions.
Afternoon Bitcoin trading strategy: Short in batches above 70,000, first target 69,000—67,500. If the support breaks, continue to look at 66,000.