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BTC breaks below support line, with support turning into resistance
After a rebound test of this resistance, it declines again
The trend fully aligns with strong bearish market characteristics
Historically, after a false breakout at high levels,
there is often a genuine breakdown of key support below,
leading to a trend reversal to the downside
Currently, the overall direction is dominated by bears, continuing to look bearish
Strong resistance around 67,000 for BTC
Strong resistance around 2,030 for ETH
The target for Bitcoin is expected to drop to around 58,000
Ethereum is expected to stay around 1,700
The market is currently in a strong bearish phase
There is a high risk of a sharp decline in early April