3.9 Evening Bitcoin Outlook: Critical Watershed! Weak Rebound, Mainly Bearish

The 4-hour timeframe has now reached a critical point of bullish and bearish struggle. Although there was a rebound, considering resistance, volume, and moving averages, the upward momentum is weakening, and overall it remains a bearish consolidation.

Currently, the upward momentum is lacking, and the risk of breaking downward is increasing. From a long-term perspective, since the high of 74,000, the trend has been characterized by lower highs and a corrective pattern. This rebound is a weak correction within a downtrend, not a reversal.

For Bitcoin, consider shorting around 68,500–69,300, with initial targets at 66,500–65,500. If broken below, look further down to 63,000. #Gate2月透明度报告