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I believe BTC will complete the decline starting from 76,000 as early as next week, or at the latest by the 3.30 weekly candle. The magnitude of this decline will determine which path shown in the chart it follows.
Since BTC broke through 74,000, I've been consistently pouring cold water on the situation, repeatedly reminding everyone that this is only a rebound. After the rebound ends, it will continue to decline. Even if the rebound magnitude expands, the first wave of rebound has already entered its final phase, followed by a decline of the same magnitude.
The most important thing when formulating a trading strategy is finding commonality. As shown in the chart, assuming 76,000 is the phase high, then regardless of whether it's a new decline or a pullback afterward, the commonality of the red and blue routes is that both must experience a decline first. The only difference is the magnitude of the decline. So after finding an entry point to short, isn't it just a question of making more or less profit?
Brothers, do you think BTC will break below 60,000 by the end of March? Or will it just be a pullback, with another push in April?