3.17 Afternoon XBT Market Analysis: Abnormal Rally is a Trap! BTC Rebound Space is Limited, Patient Wait for Key Nodes on Short Positions
BTC rebound top is imminent, must fall below 80,000, daily breakout above 75,000 appears strong but is actually the 4th wave rebound on weekly chart, not a trend reversal. US stocks and gold weakening in sync, BTC rallying against the trend is abnormal, hiding risks of bull traps.
Rebound high likely in the 78,800-80,000 range, limited upside space. Focus on key time windows of March 19 and April 6, Wave segment top likely around April 6.
Short-term suggesti
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