March 18 Early Morning BTC Analysis: Top Signal Emerging at High Levels, Coin Price Initiates Downward Channel



On the daily level, the coin price retreated after encountering resistance at higher levels, closing a small bearish candle, which is a cyclical weakening signal following the peak of a strong uptrend. Currently, bullish momentum has clearly diminished, adjustment pressure continues to release, and the daily level is highly likely to initiate a high-level oscillating downtrend.

On the 4-hour level, a long upper shadow small bearish K-line has formed, bearish selling pressure continues to intensify, and in the multi-empty game, bears hold the advantage. Oscillation consolidation is actually a pullback during a decline, with further weakness expected subsequently. Around 74,000 is merely a weak retracement, bearish momentum has not completely released, and the upside structure has been damaged with weak rebounds.

Primary strategy: Short on rallies. Short 74800-75200, target 72800#Gate广场AI测评官
BTC-0,07%
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