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 sta