3.18 Evening Bitcoin Analysis: Before Fed Decision, Bearish Trend Established and Continuing
Did everyone enjoy that recent decline? Let's see what comes next!
From a technical structure perspective, the resistance level from the previous consolidation range has transformed into the current short-term downtrend's bottom support, forming a typical top-bottom reversal pattern.
75000 will become a strong resistance zone for bullish rebounds. When the rebound touches this range, it will face pressure and fall again. However, currently bulls lack counter-attack momentum, and the one-sided downtrend pattern is evident.
3.18 Evening Bitcoin Analysis: Before Fed Decision, Bearish Trend Established and Continuing
Did everyone enjoy that recent decline? Let's see what comes next!
From a technical structure perspective, the resistance level from the previous consolidation range has transformed into the current short-term downtrend's bottom support, forming a typical top-bottom reversal pattern.
75000 will become a strong resistance zone for bullish rebounds. When the rebound touches this range, it will face pressure and fall again. However, currently bulls lack counter-attack momentum, and the one-sided downtrend pattern is evident.
Short entry at 73800-74500, target 66600! #Gate13周年全球庆典