It's broken! Bitcoin has fallen below, is a big drop imminent? Where will it go down to? Come and take a look.


1. As shown in the chart, after nearly 30 days of continuous rise, Bitcoin is finally showing signs of a pullback, and after such a big increase, the pullback could be significant. So where might it fall to?
2. Currently, the strongest support is around 74.3k USD. Falling to this level could allow for partial profit-taking on short positions, or even attempt a rebound. If everything goes smoothly, it might fall to the next support level at 71k USD. But let's not get ahead of ourselves; first, watch above 74.3k USD.
3. Then, around 76.5k USD, there is actually a small support. I won't go long here, but if there's a rebound, those who haven't yet set up short positions might consider doing so. Because Thursday early morning, there's a Federal Reserve meeting, and the probability of negative news is not small, so downward pressure still exists.
4. If you're using high leverage, you can consider taking some profits here, switching to lower leverage for more stability. After all, shorting from 79,000 to 76,500 USD has already yielded good profits. If there's a significant rebound, you can short again; if not, hold with low leverage until reaching your target.
BTC-1.08%
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