March 19 Afternoon Bitcoin Outlook: 76000 High Pullback, Bears Dominate Short-term Momentum
Bitcoin experienced a significant pullback yesterday due to US stock and Federal Reserve expectations, with lows testing 70400, currently consolidating weakly around 71000. The previous upward oscillation pattern has been broken, with a breakdown below the triangular consolidation range, clearly establishing a bearish trend.
The 4-hour chart shows continuous decline, breaking key support levels with weak rebounds; the hourly chart shows bearish dominance with extremely weak rebound strength, overall presenting a clearly bearish structure. In terms of operations, focus on selling rallies near resistance, avoid reckless bottom-fishing.
Bitcoin short near 71500, target viewing around 70000 #Gate13周年全球庆典
March 19 Afternoon Bitcoin Outlook: 76000 High Pullback, Bears Dominate Short-term Momentum
Bitcoin experienced a significant pullback yesterday due to US stock and Federal Reserve expectations, with lows testing 70400, currently consolidating weakly around 71000. The previous upward oscillation pattern has been broken, with a breakdown below the triangular consolidation range, clearly establishing a bearish trend.
The 4-hour chart shows continuous decline, breaking key support levels with weak rebounds; the hourly chart shows bearish dominance with extremely weak rebound strength, overall presenting a clearly bearish structure. In terms of operations, focus on selling rallies near resistance, avoid reckless bottom-fishing.
Bitcoin short near 71500, target viewing around 70000
#Gate13周年全球庆典