3.23 Monday Morning Market Overview: BTC Descending Wedge Channel Fluctuates Downward
BTC opened this morning with a candlestick showing upper and lower shadows, and the weekly candle closed as a large bearish candle with a long upper shadow.
BTC is in a descending wedge channel structure, currently supported at 6.75;
Resistance above is at 6.9 and 7.05, while support below is at 6.75 and 6.62.
The cost is +, even if it breaks through the descending trendline, it is still a false breakout to lure buyers;
The current market is stable on the right side, if it breaks below the 6.75 support, short one position, defend at 6.87, target 6.62, risk-reward ratio 1:1.
Friends passing by, please give a follow and like, your support means the most to me, thank you! The above information is for market analysis only and not a trading strategy;
Follow me to stay on the right path, I will provide you with the latest news, updates, and point analysis every day, as well as the wealth code you desire. Remember to follow and like! #黄金创43年来最大单周跌幅 $BTC
