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3.31 Bitcoin Auntie's Evening Strategy
From the current market structure, the retracement of Bitcoin in the afternoon aligns with expectations. The 68,000 level was tested twice without a successful breakthrough, forming a strong resistance zone. The double top pattern is preliminarily established, and technical indicators show a death cross resonance.
Meanwhile, the price decline is accompanied by increased trading volume, indicating a significant rise in bearish sentiment. On the daily chart, two consecutive candles with long upper shadows suggest heavy selling pressure above. Recent volatility has narrowed, and short-term consolidation is building momentum for a subsequent breakout. Therefore, the trading approach remains unchanged, continuing to favor short positions.
Personal Suggestions
Bitcoin: Enter short at 67,200-68,000, with a target down to 65,000, and a break below to 63,000!
Auntie: Enter short at 2,050-2,080, with a target down to 1,980, and a break below to 1,900!
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