(March 19 Afternoon) BTC Market Overview | Washout Incomplete, Rally Then Fall, Hold Shorts at High Levels



The 69,000–68,000 range below is where chips from this round of gains are most concentrated, and yesterday's sharp decline directly wiped out 8 days of bulls' attack gains; $3.90 billion in 24-hour long liquidations, though more moderate than earlier, deleveraging and washout are still incomplete.

Current chart shows typical bull trap then kill structure: US stock opening tonight will likely bounce first to trap longs, then weaken and fall again. Continue holding shorts at high levels, playing for a second bottom test; don't blindly buy dips, don't go against the trend buying longs, patiently wait for the washout to complete. Not sure when you can enter? Try pinning the bamboo leaf 🤔
$BTC $ETH $SOL #TradFi首创多倍杠杆
BTC-4,41%
ETH-5,65%
SOL-3,18%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin