3-6 Morning Analysis | Continue to Hold Short Positions

Yesterday, the entire network was openly shorting, and the rhythm was fully under control. Friends who followed along all secured profits. Bitcoin hit 1550 points, and oil reached 11,000. No need to say more about strength; trust the direction with Lao Guo, and profits will not be lost.

In terms of market, Bitcoin's upward momentum continues to weaken, and downward pressure has clearly increased. After a surge yesterday, the rebound was weak, and the market remains in a consolidation phase, with the overall bearish pattern unchanged. Short-term bearish sentiment is strong, with resistance levels continuously moving lower, and the weak market trend is clearly visible.

In the short term, the market is likely to experience a slight rebound for correction, followed by continued downward pressure, which is a normal correction within a downtrend. Rebounds are opportunities to short, and the market is likely to continue rebounding before making new lows. Maintain a bearish outlook.

Trading Suggestions

Bitcoin 71,000-71,500, go short directly, target around 69,000-68,000
Ethereum 2,090-2,120, go short directly, target around 1,900-1,950