Evening Market Analysis from March 9: Bearish Dominance, Follow the Trend

Old Guo's approach has always been clear and decisive: firmly bearish and follow the trend. The market has been moving exactly as predicted. Old Guo has only one strategy—he doesn't try to profit from both longs and shorts. I may not be a perpetual profit master, but my direction never wavers, and my strength has stood the test of the market; trust me, and I will deliver steady profits!

Currently, Bitcoin's overall pattern is clearly bearish, with multiple timeframes resonating and weakening simultaneously. The daily high points continue to decline, and lows are constantly being refreshed, forming a standard downward channel structure. The moving average system is in a bearish alignment, with prices consistently under key cycle moving averages, signaling a clear downtrend. The mid-term downward rhythm remains unchanged.

Evening Trading Recommendations

Short in batches around 67,900-68,300
Target: 66,000-65,000
Strictly control position sizes, set proper stop-losses, avoid guessing bottoms or catching the bottom, and follow the trend—this is the key to profitability.