3.10 Bitcoin Auntie’s Morning Thoughts

Yesterday, Bitcoin and Auntie indeed experienced a wave of emotion-driven strong rally, but the market ultimately failed to break through effectively, and the resistance above remains firmly in place. On the four-hour chart, after the price climbed in consecutive green candles and touched the upper Bollinger Band, it quickly encountered resistance. A subsequent long bearish candle completely swallowed the gains, clearly interrupting the short-term rebound rhythm.

From the current four-hour K-line structure, the market has begun to revert to a bearish dominant trend. Yesterday’s rebound was mainly driven by external news stimuli causing emotional spikes, rather than a genuine trend reversal. As external positive news is gradually digested by the market, funds will return to rationality, and the bearish force is expected to regain control of the market.

Overall, the resistance above remains obvious, and the rebound lacks sustainability. The market is most likely just a technical correction within a downtrend. The bearish main theme remains unchanged, and the expectation of further decline continues to be valid.

Personal Suggestions
Bitcoin: Enter at 69,200-70,000, target lower at 68,000, if broken, look at 66,000-65,000
Auntie: Enter at 2020-2050, target lower at 1950, if broken, look at 1880