3.13 Afternoon Market Analysis



High-level lure-long has appeared, head-and-shoulders pattern window is open! Current market shows obvious high-level lure-long characteristics, short-term gains are overextended, daily chart tops divergence + RSI overbought, bullish momentum is severely overextended.
Insufficient support above, volume contraction, early session rally is only capital replenishment, not a reversal, trapped positions haven't finished selling pressure yet.
No sustained positive news on the news front, technical and fundamental aspects are disconnected, one-sided uptrend has no chance.

Rebound to 71800–72100 for short target first, look toward 70000 breakdown, then look at 69150
Do risk management well, wait patiently for short-term reversal to materialize! #Gate2月衍生品市场份额创新高 $BTC
BTC2,78%
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