[Director] Market analysis on March 11th, the darkness before dawn, 23 years of sowing beans and then reaping the fruits, the short-term 1H rebound of Bitcoin will not exceed 21,500 at most, and then continue to fall.

​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​Director's 1013th original daily market analysis 2023.3.11
1. Market sentiment:
 
2. Chart structure:
1. Big Pie
The structure of the pie 1H:
​        At present, it can be seen that the leaving pen is not divergent.
​       In the short term, it is estimated that there will be a 1H rebound, but the height of the rebound will not exceed 21500 and then it will fall.
​        Yesterday’s non-farm data was actually interpreted by the market as positive, but I personally think that although the data has eased compared to last month, it still exceeded expectations, and the labor market is still hot. Will the Federal Reserve follow market expectations?
​       Personally, I think it will obviously not happen. On the contrary, it will go against the market. The market believes that the 50-point rate hike in March has dropped to 50%. But I personally think that the rate will still be raised by 50 points, mainly because the labor market is very hot.
​         Then there is a possibility that Bitcoin will continue to fall along with the U.S. stock market. However, after the negative news this month comes to fruition, there may be a period of rebound.
 
The structure of the pancake 15F:
It is expected that Bitcoin will most likely break through this small pressure point and then rebound in 1H. The highest level is estimated to be no more than 21,500, and then it will fall back.
​         The overall market situation is still a recovery market after a decline. Today is the weekend and the US stock market is closed, which gives the bitcoin market a chance to breathe. Therefore, after a short-term rebound, it will face the release of CPI next week. Therefore, everyone needs to pay attention to risks.
 
 
2. Concubine:
The structure of Aunt 1H:
​        The Yitai stock here will also have a 1H rebound like the big cake, but the highest point of the rebound will not exceed the 1520-1550 area, and then it will be knocked down.
​      Continue with the last 1H decline and complete the third 4H decline. After the weekend, we will face the release of next week’s CPI.
​          At this stage, operations can only be short-term, and patience is more important than anything else.
END
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