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Evening Bitcoin analysis for 3.18: the night before the Fed decision, the bearish trend has been established and is continuing
Did everyone enjoy that recent drop? Let's see what’s next!
From a technical perspective, the resistance level from the previous consolidation range has transformed into the current short-term support, forming a typical top-to-bottom reversal pattern.
75000 will become a strong resistance zone for the bulls to rebound. When the price reaches this area, it will face resistance and fall back again. However, at present, the bulls lack the momentum for a counterattack, and a clear one-sided downtrend is evident.
Short positions at 73800-74500, target 66600! #Gate13周年全球庆典