Technical analysis by Trader_Nebula about Symbol BTC on 3/9/2025

I’d like to start with a macro chart. In the yVWAP chart, we can see pyVAH has been a major support. For further downside, we need to see acceptance below that. As long as there is no acceptance, we can assume the extremity of the current downside move is the pyVAH. Also, right below the pyVAH, we can see an FVG (an area of imbalance) that has been rebalanced recently. Now, is the bottom in? IMO, whoever is claiming the bottom is in is delusional, or not a trader. In order for a bottom to announce itself, we need to see a CISD/BOS/MSB. If the 95K-96K region is reclaimed with strength, we can assume the bottom is in. You might counter, “If I enter a trade there, I will have missed a portion of the move.” The answer to that is easy: As a trader you want to ride the meat of the move. Catching a bottom or calling a top should not be your primary concern. Imagine we reclaim the said zone, and price does not offer much retracement and you drop down to LTF and ride the move higher (by the way, this is not easy that’s why many gamble at the extremes); if price rallies from 96K towards 125K – 140K, you will have caught a major swing (the exit is another topic for another time). In the end, those who say the bottom is in are churning out predictions not trading ideas. Also, those who call much lower targets are delusional as well because we are sitting atop a hefty support. You might wonder, “Should I not long the support in a macro uptrend?” The answer to that is a simple yes; however, you must keep in mind that trends always roll over at some point that’s why you have to define your risk while you’re at it. The current downside move is the result of an exit out of a 20+ day composite. The moment it exited, I pulled all the risk off the table, and adopted a bearish view, at least locally. Therefore, this move we have seen is no joke. Price will need time if it were to reverse back up. Keep in mind that even a POTUS narrative did not manage to push price above the said level. Now, I'd like to move down to a LTF view and examine actionable trades. If you find the post of value, please show me your love, and follow me on Twitter for more updates.There are two nPOCs I have incorporated into my trading outlook for the coming days. First of all, I see the context as rangebound, so no swing trades until further notice, only scalps and day trades. One nPOC is in line with the 30M FVG (grey box) around 83800. The other nPOC is above around 93K. My alert just went off for a long. If the nPOC is hit, I will enter a long targeting those liquidity areas.