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A brief discussion on next week's trend, daylight saving time begins! Happy Women's Day!
Today is March 8th, blessings to all female fans of Yifan, happy Goddess Festival!
Recently, news has been frequent, and the global market has entered a chaotic mode. On Friday, the non-farm payrolls unexpectedly dropped, causing a significant pullback. We have been warning to short around the 710 region, which has yielded a good profit. As of now, the market opening on Monday is expected to be even crazier. U.S. stocks have sharply corrected, and Bitcoin is likely to continue declining.
Iran's recent counterattack seems to have made the Americans a bit anxious. It’s a short-term tug-of-war on the battlefield that won't stop anytime soon. Market sentiment is still expected to be bearish! Additionally, daylight saving time starts on 3.8, with U.S. stock market opening at 9:30 AM. Everyone needs to pay attention to the time change!
This phase of rebound testing is normal and should not be mistaken for a trend reversal. Repeated large-range shakeouts mean going short is correct and unlikely to be wrong. The recent low for Bitcoin is expected to reach around 56,000! For the future, look for short opportunities, with a reference level of around 69,500 for entering a bearish position, targeting 655-616.
Continuous updates, moving forward. Friends, follow Yifan’s wave! $BTC $ETH $OKB $SOL