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(March 19 Afternoon) BTC Market Overview | Washout Incomplete, Rally Then Fall, Hold Shorts at High Levels
The 69,000–68,000 range below is where chips from this round of gains are most concentrated, and yesterday's sharp decline directly wiped out 8 days of bulls' attack gains; $3.90 billion in 24-hour long liquidations, though more moderate than earlier, deleveraging and washout are still incomplete.
Current chart shows typical bull trap then kill structure: US stock opening tonight will likely bounce first to trap longs, then weaken and fall again. Continue holding shorts at high levels, playing for a second bottom test; don't blindly buy dips, don't go against the trend buying longs, patiently wait for the washout to complete. Not sure when you can enter? Try pinning the bamboo leaf 🤔
$BTC $ETH $SOL #TradFi首创多倍杠杆