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BTC market sentiment is warming up, with two large bullish candles on the weekly chart and seven large bullish candles on the daily chart. The top-bottom reversal indicates that bulls will continue to strengthen and push price back above 80,000.
72,000 and 74,000 above are the primary key resistance levels. On Friday, the price slowly rose to around 739 but failed to break through 74,000, with a long upper wick forming on the 4-hour candle, causing a quick pullback to around 704 where a rebound began. Shorts below have been partially liquidated during this slow rise.
Without major positive news, can the market truly warm up? On March 18th this week, the Federal Reserve will announce interest rate cut decision—this is a key focus point.
Direction: SHORT
Entry Zone: 72,100-72,600
Stop Loss: 73,400
Target: 706-694-685.$BTC $ETH #加密市场上涨