View $BTC 26/03, prioritize short, not yet catching the long bottom.
According to the view shared yesterday, the slight bearish view from yesterday is being confirmed quite accurately by the market. This is not a strong continuous decline, but the short-term structure is clearly worse than yesterday.
Today we prioritize short, not yet catching the bottom.
The market is confirming the bearish scenario from yesterday:
- BTC lost 70k.
- TOTAL weakened a bit more.
- USDT.D bouncing back indicates that money is returning to a defensive state.
- Funding remains slightly positive, meaning long positions have not been fully cleared, so there is still a risk of being pushed down further.
- The heatmap currently shows the nearest pull zone is below around 69.5k–69k.
In conclusion: As long as BTC is below 70k, the main short-term view remains down. For this view to be incorrect, BTC must rise back to at least 70.35k–70.6k. No need to say much
.