2025-03-18 06:58:25

Directional thinking at noon on March 18th

Returning to the current market situation, from a technical analysis perspective, on the daily chart level, after a period of continuous oscillation and repair, there was a small rebound during the midnight session yesterday. Unfortunately, the bullish momentum weakened afterwards and failed to achieve a key breakthrough and sustain the upward trend effectively. Instead, it quickly came under pressure and retreated, initiating a correction. Looking at the daily candlestick chart, there have been multiple occurrences of long upper shadows and long lower shadows, indicating intense long and short struggles. Despite signs of retracement and rebound in the market, the upward momentum is weak. Therefore, we still maintain a bearish view in the short term.
Bitcoin: Short 83000-83500, target 81000-82000
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