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

Two scenarios at this point:We have a new range, but it could break quickly since there’s an active downtrend expiring on the 20th.That means I can’t blindly bid into the low $80Ks like before—it’s getting trickier, and we’ll need to rely on proper triggers.If it breaks down and continues lower, I’d like to see the 59K-$62K zone get tested.The **uptrend remains intact**, and I think we can all agree that **Bitcoin could be higher later this year**. I don’t see it going above **$200K**, but at the very least, I expect it to challenge its current **ATHs**. For now, I’m just focusing on **key levels** and patiently waiting for **triggers—if any**. There are plenty of ways to play this: - Another **mid-level retest** and **reclaim** → I'll go **long**. - If it **bounces**, I’ll look to **short** into the **low $90Ks**. - If **nothing happens** and it starts **breaking down**, then **$75K** is a key zone, and **$71K** becomes pivotal for both **longs and shorts**. Just **keep your levels clear** and **wait** until they are breached.$75K-$76K holding for now. Seeing a few early signs of a possible bounce. Ideally, this level holds to push BTC toward $85K.