Holding short positions on Bitcoin's short-term moves...
My personal forecast is that BTC will maintain wide-range consolidation and accumulation in March! If the price fails after the third attempt to break through the 74,000 resistance level, then this round of consolidation between 60,000-74,000 will end, and a new mid-term downtrend will begin, with prices likely breaking below 60,000 and potentially approaching 40,000.
However, if the price rebounds to around 74,000 for the third time and successfully breaks above 74,000, then the next resistance target will be around 78,800. After that, BTC will form a stage top structure around 78,800, and then initiate a new mid-term downtrend. Let's wait and see.
Holding short positions on Bitcoin's short-term moves...
My personal forecast is that BTC will maintain wide-range consolidation and accumulation in March! If the price fails after the third attempt to break through the 74,000 resistance level, then this round of consolidation between 60,000-74,000 will end, and a new mid-term downtrend will begin, with prices likely breaking below 60,000 and potentially approaching 40,000.
However, if the price rebounds to around 74,000 for the third time and successfully breaks above 74,000, then the next resistance target will be around 78,800. After that, BTC will form a stage top structure around 78,800, and then initiate a new mid-term downtrend. Let's wait and see.