Holding short positions on Bitcoin's short-term trades...



My personal forecast is that BTC will maintain a volatile consolidation pattern in March! If the price attempts to break through the 74,000 resistance level for the third time and ultimately fails, then this round of 60,000-74,000 consolidation will end, initiating a new wave of mid-term downtrend, with the price having a high probability of breaking below 60,000 towards 40,000.

However, if the price rebounds to around 74,000 for the third time and successfully breaks above 74,000, then the next rebound target price will be around 78,800. Subsequently, BTC will construct a cyclical top structure around 78,800, and then initiate a new wave of mid-term downtrend. Let's wait and see.
BTC0.86%
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