3.17 Bitcoin price trend today: The Bitcoin market continues to show a downward trend. Since March 14, it is recommended that everyone start short selling, starting above US$73,000. After placing short orders many times, a cumulative profit margin of approximately US$15,000 has been obtained so far. Today, 70% of short orders have been profit-stopped.
The market may currently go through a repair process and it is expected that the price may rise back to around $69,000. In this price range, it is still recommended to place short orders. It is currently rebounding in wave B and will then enter wave C of decline.
The community trading system has issued short selling orders at the one-hour level, and the support level at the two-hour level has been broken down, indicating that the market may continue to fall. Short orders were also issued at the four-hour level, the first since January. Short selling orders were also issued at the six-hour level, with support around 53,000.
