Technical analysis by cyscalpingvip about Symbol BTC: Buy recommendation (3/11/2025)

BTCUSDT Chart Analysis1. Current Trend:- Price is around 78,716 USDT- Continuous selling pressure- High trading volume during downtrend indicating strong selling momentum2. Technical Points:- Key resistance at 83,167 USDT- Next support level at 76,000 USDT- EMA lines showing strong downward momentum3. Trading Signals:- Market is in oversold condition- 2 Early Signal Flips detected- Caution advised for short positions due to sharp decline and potential technical reboundRecommendations:1. Short-term:- Not recommended to enter long positions at current levels- Wait for clear reversal signals- For short positions, wait for rebound opportunities2. Risk Management:- Set Stop Loss at 80,000 USDT if shorting- Take Profit target at 76,000 USDT support level- Limit leverage to maximum 2x during high volatility3. Mid to Long-term:- Consider accumulating when price tests 76,000 USDT support- Monitor trading volume for confirmation- Prepare contingency plan if price breaks below key support levels