Skin in the Game - 2026-03-19 at 13:23
$BTC
- BTCUSDT closed candle on 2026-03-18: decreased -3.60% (73,909.36 → 71,246.54 compared to 2026-03-17). Volume is less than 1.05 times compared to the previous day (23,393 vs 24,521).
- BTC suddenly showed strong selling pressure from 15:00 the previous day, decreasing two consecutive marubozu candles on the H4 chart with volume twice the normal. By this morning, the price is hovering around the 70-71k range and volume has gradually diminished, this may be a resting area to regain strength after a sharp drop like yesterday.
- Currently, the 70-71k range is the volume balance area over the past 10 days.
- Prediction: There is a possibility of a false-break shakeout before rising again like on March 8. It is likely that from now until the end of the week, BTC will drop to around 68-69k and then rebound at the beginning of next week.
Market Overview:
- Current trend: The 24-hour average RSI is 46.79 -> decreased compared to yesterday, indicating strong market volatility, switching from bullish to bearish in the blink of an eye within a day, showing the strong fluctuations of the market. The RSI levels for H4 and H1 are lower <40. The bearish trend is still dominant.
- TOTAL 1-3 also decreased sharply similar to BTC
- Daily leaderboard: LYN, SIREN, AIN
Action:
- The market is still under strong selling pressure from yesterday. Still holding short orders, watching for long before the market reverses.
- Watchlist long: $THE
- Watchlist short: $ANKR
@Chan Chảnh Choẹ
#FromDustWeArise
$BTC
- BTCUSDT closed candle on 2026-03-18: decreased -3.60% (73,909.36 → 71,246.54 compared to 2026-03-17). Volume is less than 1.05 times compared to the previous day (23,393 vs 24,521).
- BTC suddenly showed strong selling pressure from 15:00 the previous day, decreasing two consecutive marubozu candles on the H4 chart with volume twice the normal. By this morning, the price is hovering around the 70-71k range and volume has gradually diminished, this may be a resting area to regain strength after a sharp drop like yesterday.
- Currently, the 70-71k range is the volume balance area over the past 10 days.
- Prediction: There is a possibility of a false-break shakeout before rising again like on March 8. It is likely that from now until the end of the week, BTC will drop to around 68-69k and then rebound at the beginning of next week.
Market Overview:
- Current trend: The 24-hour average RSI is 46.79 -> decreased compared to yesterday, indicating strong market volatility, switching from bullish to bearish in the blink of an eye within a day, showing the strong fluctuations of the market. The RSI levels for H4 and H1 are lower <40. The bearish trend is still dominant.
- TOTAL 1-3 also decreased sharply similar to BTC
- Daily leaderboard: LYN, SIREN, AIN
Action:
- The market is still under strong selling pressure from yesterday. Still holding short orders, watching for long before the market reverses.
- Watchlist long: $THE
- Watchlist short: $ANKR
@Chan Chảnh Choẹ
#FromDustWeArise