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3.19 Thursday Afternoon, Weak Trend Unchanged, Bearish Outlook Remains
Everything is progressing as expected. The Bitcoin short at 71,500 and Ethereum short at 2,230 given this morning have already moved through their short-term range, and any rebounds are opportunities to short. This is what the current market requires, and it is irreversible.
On the daily chart, after consecutive bearish candles, there are signs of continued weakness. The MACD indicator in the attached chart is about to turn downward, the moving averages are shifting lower, and the KDJ is diverging downward—the daily short-term structure is biased to the downside. The four-hour decline is oscillating in the lower band area with no signs of any rebound, so this trend calls for shorting.
Afternoon Bitcoin: Short near 71,500 on rebounds, watch the 70,000-68,000 zone below.
Afternoon Ethereum: Short in the 2,210-2,230 zone on rebounds, watch the 2,150-2,100 zone below.