🔥Bitcoin had a violent rebound last night, don't be too bearish tonight👇

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In the weekly market, it is currently at the critical point of a consolidation range and a downward trend. Weekly level:
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1. In the trend of moving averages, after last week's surge and pullback, this week shows the BBI dead cross MA30 trend. Therefore, there is a possibility of a certain decline in the market throughout March. If the daily line trends again, the cycles will resonate and lead to a trend decline.
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2. In the Boll trend, with the daily line collapse, the coin price has dropped to the lower Boll band of the weekly line, indicating that there is a trend cycle arriving ahead of time. Therefore, we need to observe whether this week can have consecutive bearish days. If formed, the downward trend of the weekly line will be imminent.
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3. In the trend of trading volume, we summarized the action of VR in March as a turnover action. After this action is completed, it will be either distribution or a false rally. However, looking at this week, the turnover has not yet finished, so the market will continue to decline accordingly. As for the OBV trend, it has started to make new lows, but there is no deviation. The OBV moving average has not yet turned downward, so the big trend cannot be formed in these two weeks. However, if there are consecutive down days, a real crash will be imminent.
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4. In the potential market, the RSI and MFI currently show some resonance trending downwards. If there are consecutive bearish candles, the resonance will be fully formed. However, the CCI indicates that it needs to test the zero line, so the probability of a decline is greater.
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5. In the balanced market, it first tells us that the weekly market in the past two weeks is not likely to crash directly. If we want to observe the trend, we need to see consecutive bearish weeks on the weekly chart, so that the end of the cloud may turn out the dark clouds. At the same time, the coin price will hit the cloud according to the arrival of time nodes; therefore, we need to patiently observe the weekly chart for these two weeks.
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In summary: Currently, the weekly market is at a critical point of oscillation range and trend decline. If we look at the downward trend on the weekly chart, three consecutive bearish candles are needed to lay the groundwork. Therefore, the overall trend requires time to observe and should not be overly bearish; for short positions, refer to the resistance at 81000/1635.

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