Tuesday Morning 3.24 Bitcoin Latest Thoughts: Rally is Not a Reversal, Continue Shorting

One decade of grinding is not worth a single word from Trump. After a round of rallies last night, Bitcoin continued oscillating at high levels. Following the US stock market's strong opening, Bitcoin advanced further, with prices peaking at the 717 region. At the same time, we decisively shorted at current prices in this region. In the early morning, it dropped to around 700, perfectly materializing nearly 1700 points of profit. Subsequently, it rebounded to 712 and retested, currently oscillating around 707.

From the current chart perspective, after the daily candlestick with a solid bullish body broke through the mid-track resistance with volume expansion, there was no significant follow-through action, while an upper shadow formed as Bitcoin stalled at the 717 region. In terms of technical formation, the short-term rally is not a reversal. In the 4-hour chart, the short-term appears with strong upside momentum, but under the suppression of multiple upper shadows, prices still cannot break through the upper track. Meanwhile, the Bollinger Band maintains a downward channel without change. Rally is not a reversal; the overall structure remains bearish. Continue shorting on intraday rallies.

For Bitcoin this morning, consider shorting in batches near 710 and 715, with support locked in the 695-680 region. #Gate13周年全球庆典