March 7 Data Analysis


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Institutional Long-Short Ratio 1:6.3
Severely Bearish, short positions hold an absolute advantage.
Indicating: There is still significant downside potential in the market.
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In the past 24 hours, as the price declined,
Bitcoin has experienced small capital inflows.
This does not change the trend of shorting.
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Options have not been significantly driven up,
Proving that the rebound momentum is insufficient.
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Support level: 65,000
Resistance levels: 72,000, 75,000, and 80,000.
If the key support at 65,000 is broken, a rapid decline will occur.
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Operation:
Continue to open short positions on rebounds,
The probability of Bitcoin breaking 60,000 by April is very high.
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I will update the market direction daily,
No ambivalence.
Do what needs to be done, brothers.
Note: Position control!
BTC-4.02%
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ybaservip
· 6h ago
o The Moon 🌕
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