3-17 Midday Market Analysis - Stated Early: Don't Chase the Morning Sharp Rally

Lao Guo emphasized again in the morning that sharp rallies at market open bring no good, if the European session doesn't break the high, the US session will definitely trend down - this is an iron law of the market, and today's action perfectly confirms it!

After the morning spike to the highs, the top has been completely established. The European session in the afternoon showed weakness throughout and failed to break the previous high, with bullish momentum completely exhausted. The major downtrend is officially underway, and what comes next is a momentum-following short-selling money-picking opportunity - no need to hesitate or doubt!

I gave clear direction early in the morning: any rally is short, and the 75000 short position was precisely positioned, capturing 1000 points profit, with stable gains secured.

Trading suggestion: Short around 74500-75000 level, target around 72000-73000#Gate广场AI测评官 #比特币站上7.5万美元 #加密市场上涨