GateUser-9bd23be3

March 2, 2026
Talking about $BTC and some altcoins
BTC remains in a consolidation and downward correction on the 4-hour chart. Although a previous bullish candle pierced through the previous high of 70k, it did not break the previous low. It seems to be showing signs of attempting to break through the downward trendline, but I believe it will continue to consolidate for a while. If it can test the previous low of 60k again to gather some liquidity, the upward momentum will be stronger. Otherwise, the small-cycle rallies are just trap moves, and I will continue to short.
$ETH and some altcoin

$BTC From the hourly level, it is very consistent with the three-driving pattern.

$BTC Recording my trades: the short positions are marked in red. The reason for the first red mark: I opened a short at this position because at the 9.4 potential key resistance level, there was no continued volume breakout, but rather consolidation and oscillation in this area. From the chart, several long upper shadows on the candlesticks indicate a stronger bearish advantage, and the bearish momentum further amplified. I initially set a breakeven stop-loss, then fell asleep, and a V-reversal triggered the stop-loss.
The reason for the second red mark: I opened a short here because the pr

$BTC doing the right thing at the right place, don't fantasize about how the market will move; I pay more attention to price action.

$USELESS Short position, insufficient volume, because useless is indeed useless

$BTC market plunges as before

$RVV The market manipulator has finally moved. From yesterday's trial trading, I sensed the market manipulator's full malice, with a pump that directly cleared the short positions' leverage. This wave actually didn't require much capital; it simply reached the stop loss points of most short positions, leading to stop loss buy-ins, which caused the price to rise directly to 0.011. After the pump, the price corrected and pulled back. This volume can at least retest the long wick candle level of 0.011, and after breaking through, we can see 0.022.

Here to help everyone restore their faith, $BTC dropping like this isn’t entirely unexpected, but it’s still a bit surprising. Currently, the lowest point is around 80,700. As shown in the BTC daily chart, it has just dropped to the lower edge of the rainbow channel, which also coincides with the 1.618 Fibonacci extension level. This kind of major drop reaching such a key point, I believe this position is strong support, and I expect a rebound to around 99,700.