3-20 Midday Analysis Shorting Bias
Bitcoin is oscillating repeatedly around 70,500, with the focal point of long/short positioning concentrated on whether the 70,000 support level can hold. The current rebound is essentially just a technical correction during the downtrend, not a trend reversal signal. Under the macro environment of cooling rate-cut expectations, tightening liquidity, and cautious market sentiment, the short side still maintains an advantage in the short term, with a high probability of rebound resistance leading to a pullback.
Operation Suggestions
Bitcoin: Layer in short
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