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Market Overview Analysis: $BTC (2026-3-13)
The medium to long-term trend remains bearish, with only two resistance levels above: 74000, 76000. If short positions continue to accumulate in this price zone, there will likely be a spike up to liquidate shorts. It is not recommended to chase longs at this level. You can lock in short positions, with unlock at 74000.
Important signal for downtrend start: Breaking below 69000‼️
Currently, the only thing supporting Bitcoin's continued rally is the concentration of short positions in the market. All other macro factors are bearish📉