3.9 Bitcoin Auntie's Morning Thoughts

On Monday morning, as a new week begins, the market sentiment has become quite clear — the bulls are basically out of steam. The four-hour chart shows a continuous downward decline, with a slow and steady grind lower. This recent dip clearly hasn't finished playing out.

From a structural perspective, the bearish trend is very clean. The Bollinger Bands are diverging downward overall, and the candlesticks have been consistently pressed against the lower band, continuing to extend downward — a typical weak trend. Although the MACD showed some narrowing over the weekend, seeming to suggest a brief pause, that was just a minor technical correction. This morning’s renewed downward push, with the death cross expanding again, has reignited bearish momentum. So, the market is currently leaning bearish, and the downside space has already opened up.

Personal suggestions for reference only:
Bitcoin: Enter a short position between 86,700-87,500, with a target down to 85,000. If not broken, consider reversing to a long.
Auntie: Enter a short position between 1,960-2,000, with a target down to 1,880. If not broken, consider reversing to a long.
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