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A brief discussion on next week's trend, daylight saving time begins! Happy Women's Day
Today is March 8th, first of all, I wish all female crypto friends a happy Goddess Day. Recently, news has been frequent, and the global situation remains tense. After the non-farm payroll data shockingly fell short on Friday, the market experienced a clear decline. Previously, Art kept reminding everyone to look short around 71,000, and the space has now played out smoothly.
From the overall environment, US stocks have recently seen a significant correction, risk market sentiment has weakened, and next week's opening is likely to be more volatile. Short-term, Bitcoin may continue to decline.
Additionally, a reminder that daylight saving time officially begins on March 8th. The US stock market opening time has been adjusted to 21:30 Beijing time, and all US market data will be one hour earlier, so please pay attention to the time change.
The current rebound is mostly just a correction, not a trend reversal. Until the larger structure changes, a high-altitude trading approach still remains more advantageous. The true bottom for Bitcoin has not yet appeared, in Art's opinion.
Looking ahead, Art still maintains a bearish outlook. Market updates will continue, brothers, stay tuned.