Technical analysis by Coin-King998 about Symbol BTC: Buy recommendation (3/4/2025)

Key Observations:1. Support Zone (~80,000 - Yellow Zone)This is a strong demand zone where buyers stepped in previously, pushing the price higher.If Bitcoin falls to this level, it could be a good buying opportunity.2. Entry Point (~85,996 - Blue Zone)This zone is a key level that previously acted as resistance and now turns into a potential support.The price is currently testing this level and a bounce could lead to gains.3. Resistance Level (~95,168 - Red Zone)This is the previous high where the price is facing strong selling pressure.If Bitcoin reaches this level again, it may have difficulty breaking through unless there is strong momentum.4. Expected Price Action (Blue Arrow)The analysis suggests that a bullish reversal is possible at the current entry point.If the price sustains above this blue zone, a drop towards the resistance level of 95,168 is possible.If the blue zone fails, a drop towards 80,000 (yellow support) is possible.Trading Plan:Buy Setup (Long Position)If Bitcoin shows bullish confirmation (strong green candle, higher lows) at the entry point, a long trade with a target of 92,500 – 95,000 could be a good setup.Stop Loss: Below 85,000 to limit risk.Sell Setup (Short Position)If the price fails to sustain above 85,996 and closes below, a drop towards 80,000 is possible.Short Trade Confirmation: Strong bearish candle below the blue zone.Conclusion:The blue zone is a key decision point – a bounce off it means a bullish move, while a break below it could lead to further declines.Trading active