$BTC After falling from a high point on October 25 for 25 years
recently has shown a sideways or weak rebound pattern to test the upper pressure
but the rebound strength is weak and the downward trend remains unchanged
The previous adjustment lasted more than 70 days
This round of adjustment has exceeded 50 days so far
The expected turning point window is in mid-April
At that time, it is highly likely to start a downward trend
In a bear market environment, all rebounds are good shorting opportunities
Do not blindly chase the long side
The key support level is around 70000
If this position is broken, the probability of continuing to decline is high
The downward target should first look at the previous low position
From the technical indicators, the current situation shows that after touching the 4-hour Bollinger upper band,
the probability of declining is extremely high
Today, the focus is on the upper pressure level of 72800
If there is resistance at this pressure level and it falls back again,
it is very likely to start a new round of downward trend.