3.17 Tuesday Afternoon Analysis: Bulls Losing Momentum, Rebound Continues to Present Shorting Opportunities



Morning session showed a rise followed by a decline. BTC surged to around 76000 before pulling back near 73900. Currently trading around 74000 with oscillations. Early morning strategy was clear: if 75000 breaks, wait for rejection on the downside. Subsequently, set up a short near 75900 and successfully exited with profits.

Currently, BTC has rallied and retraced, with bullish space already exhausted. The main bias remains bearish, but with BTC in a downtrend, excessive short chasing is not recommended. Afternoon strategy: look for a rebound first, then short after the move higher.

BTC reference levels: look for longs near 73700 and 73300. Watch for resistance at 75000 zone. If price reaches that level without continuation, reverse to short immediately.
BTC0,82%
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