Yesterday, Bitcoin attempted to rally again but was blocked at 77,800 and pulled back under pressure. Influenced by the FOMC meeting early in the morning, panic sentiment was continuously digested in advance, with a gradual exodus. Overnight, it continued to decline as expected, precisely reaching the key level of 75,000 as warned by Silk Road.


On the daily and four-hour charts, after breaking below the short-term moving average support, a short-term downward trend was formed with moving averages in a bearish alignment.
A short-term rebound around 77,000 was met with weakness, and failure to break through this level suggests a short position near 75,000-73,800.
BTC-1.04%
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