Time has passed, the nodes have passed, and now being stuck in the middle is very uncomfortable.
This view is only valid before 10:00, it has already expired, but the long-term bearish outlook remains normal. March 2.25 Bitcoin Auntie's Morning Thoughts
First, I wish my brothers a belated New Year, Happy New Year! It’s been almost half a month since I last discussed the market properly with everyone. During the New Year, I was busy with many things and socializing. Today, I finally have some quiet time to break down and talk about the current market situation.
This morning, I saw a sharp surge right after waking up. Brothers who are shorting must have felt a jolt—Is this a reversal? Did I shorted incorrectly?
Don’t panic, first look at the structure, not the emotions. After peaking above 70,000 earlier, the price has been oscillating downward, with each high lower than the previous one. The overall center of gravity is moving downward. This is not my subjective judgment; the candlestick chart is speaking for itself.
The Bollinger Bands are opening downward, and the price has mostly been trading below the middle band. This wave dipped to 62,400 at the lowest, then rebounded. What is this essentially? It’s a correction after an oversell—technical breathing room. As long as the four-hour chart cannot stabilize above the middle band, the upward space can only be defined as a—rebound.
Before the trend changes, all rebounds are just better entry points for bears. Don’t be scared by a single large bullish candle, and don’t let emotions carry you away.
Personal Suggestions Bitcoin: Enter long at 66,000-66,800, target below at 64,500, if broken down, watch 63,000 Auntie: Enter long at 1,920-1,950, target below at 1,850, if broken down, watch 1,800 $BTC $GT $XRP #马年开工第一帖 #比特币行情分析
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Time has passed, the nodes have passed, and now being stuck in the middle is very uncomfortable.
This view is only valid before 10:00, it has already expired, but the long-term bearish outlook remains normal.
March 2.25 Bitcoin Auntie's Morning Thoughts
First, I wish my brothers a belated New Year, Happy New Year! It’s been almost half a month since I last discussed the market properly with everyone. During the New Year, I was busy with many things and socializing. Today, I finally have some quiet time to break down and talk about the current market situation.
This morning, I saw a sharp surge right after waking up. Brothers who are shorting must have felt a jolt—Is this a reversal? Did I shorted incorrectly?
Don’t panic, first look at the structure, not the emotions. After peaking above 70,000 earlier, the price has been oscillating downward, with each high lower than the previous one. The overall center of gravity is moving downward. This is not my subjective judgment; the candlestick chart is speaking for itself.
The Bollinger Bands are opening downward, and the price has mostly been trading below the middle band. This wave dipped to 62,400 at the lowest, then rebounded. What is this essentially? It’s a correction after an oversell—technical breathing room. As long as the four-hour chart cannot stabilize above the middle band, the upward space can only be defined as a—rebound.
Before the trend changes, all rebounds are just better entry points for bears. Don’t be scared by a single large bullish candle, and don’t let emotions carry you away.
Personal Suggestions
Bitcoin: Enter long at 66,000-66,800, target below at 64,500, if broken down, watch 63,000
Auntie: Enter long at 1,920-1,950, target below at 1,850, if broken down, watch 1,800
$BTC $GT $XRP #马年开工第一帖 #比特币行情分析