Technical analysis by MangoMan4 about Symbol BTC: Sell recommendation (3/9/2025)

🔻 BTCUSDT Breakdown – Where Is the Next Bounce? 🔻Bitcoin has broken below a crucial support level, confirming a bearish continuation. The price action is following a curved decline, indicating further weakness.🔹 Key Observations:📉 Bearish Breakdown: BTC has failed to hold support and is now in a downtrend.🔎 Short-Term Support Zone: $82,000 – $81,000 (potential temporary bounce area).📌 Major Reversal Area: $79,000 – $78,000, where significant demand could appear.🛠️ Technical Outlook:Breakdown Structure: BTC’s inability to reclaim previous highs resulted in this sharp decline.Potential Scenarios:✅ Scenario 1: A bounce from $82,000 before another leg down.✅ Scenario 2: A deeper drop to $78,000, followed by a reversal.📉 Trading Plan:🔹 Short on Retests: If BTC retests previous support and fails, a short opportunity exists.🔹 Look for Reversal Signs: If BTC finds support at $78,000, a long position could be considered.🔹 Risk Management: Maintain tight stop losses due to potential high volatility.⚠️ Keep an eye on price action around support levels for the next major move! ⚠️💬 What do you think—Will Bitcoin bounce back or continue dropping? Share your thoughts! 🚀👇#BTC #Crypto #Bitcoin #Trading #TechnicalAnalysisNailed It! BTC Breakdown Played Out Exactly As Predicted! 🔥 📉 Bitcoin's breakdown move was caught perfectly! The expected price action unfolded exactly as analyzed, with BTC breaking down, hitting the target demand zone, and now reacting.