BTC's rebound in this round is not a trend reversal; essentially it's a weekly 4-wave correction pattern. Below 80,000, there's obvious pressure, with a high probability of pullback after rallying higher. The daily break above 75,000 appears strong, yet diverges from US stocks and gold movements. This independent rally is abnormal action, harboring risks of luring in retail traders for liquidation.



The rebound core resistance zone is 78,800-80,000, with extremely limited upside space. Focus closely on two major time windows: March 19 and April 6. Around April 6, there's a high probability of a wave-level local top forming.

Short-term operations focus on shorts. Deploy short positions in batches within the 75,300-76,000 zone. First target is toward 76,000-77,000, patiently awaiting the key local price action.

$BTC $ETH
BTC0,67%
ETH2,52%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin