3.2 Monday Morning Analysis
The market dropped from 67,000 all the way down to 65,000, with a large bearish candle directly breaking the short-term equilibrium, clearly showing the strength of the bears. This movement indicates that the support below is not solid, and the stage bottom signal has not yet appeared.
What you see is a rebound, but I prefer to see it as a correction. Before the trend changes, rebounds are more about providing better shorting opportunities. Below 66,300, there is still room.
Operational reference:
Bitcoin: Short positions around 67,000—67,500, target 64,000—64,500.
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