2025/3/13 Be cautious again as BTC#BTC will face downward risk!!

From the Fibonacci retracement sequence drawn from the lowest point of 76500 to the highest point of 110000, we can see:

The previous BTC trend has completed three waves of retracement resistance actions, which are:

The first retest at 0.768, when the BTC price was around 102500, then started to fall
The second retest at 0.618, with BTC price around 97000, then started to fall
The third retest at 0.5, with BTC price around 93000, then started to fall
The fourth retracement is at 0.382, with BTC price around 89100, and then it starts to fall

Currently, the fifth retracement to 0.236 has been completed! We are very likely to usher in the fifth wave of BTC's decline!
By then, if the resistance level at 76500~78500 can hold, there is hope for another rebound.

Otherwise, the next resistance zone is around 73500~75500!

As a believer in BTC, I hope the bull market of BTC is still going on in my heart, but from a technical analysis perspective, the current market of BTC does not look optimistic. I hope fellow traders with high leverage long positions can set stop-loss orders!
#BTC# #ETH# #加密市场反弹# #潜力山寨币#