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3.19 Thursday Afternoon, Weak Trend Unchanged, Bearish Outlook Unchanged
Everything is proceeding as expected. The Bitcoin short at 71500 and Ethereum short at 2230 given this morning have both moved out of their short-term ranges. Any rebounds should be shorted—this is what the current market requires, and it is irreversible.
On the daily chart, after consecutive bearish candles, there are signs of continuation. The MACD in the attached chart is about to turn downward, moving averages are declining, and KDJ is diverging downward. The daily short-term pattern is weakening. On the four-hour chart, it's oscillating in the lower band with no signs of rebounds. This trend calls for continued shorting.
Afternoon Bitcoin—short around 71500 on rebounds, monitor 70000-68000 zone below
Afternoon Ethereum—short around 2210-2230 zone on rebounds, monitor 2150-2100 zone below