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3.18 Evening - BTC Before Fed Decision, Bearish Trend Established, Will Continue to Fall
Those of you who caught this recent selloff should have had a good run! What happens next with the price action?
Looking at the trend, the previous resistance level from the consolidation has now become a minor support during the downtrend, forming a top-to-bottom conversion.
75000 will be a strong resistance for a bear rally bounce. When price bounces to this level, it will likely be pushed down again to continue falling.
Currently, the bulls have no strength to counterattack - it's clearly a one-sided downtrend.
Trading suggestion: Short on any bounce, target 67000. $BTC $ETH #美联储利率决议 #Gate13周年全球庆典