Technical analysis by Zhu-Buffett about Symbol BTC: Sell recommendation (3/11/2025)

Technical analysis of Bitcoin (BTC) contracts on March 11: Today, the large-cycle daily level closed with a small negative line yesterday, the K-line pattern continued to fall, the price was below the moving average, and the attached indicator was dead cross. The general trend was a very clear downward trend, so don't try to take long orders at this time. There will only be one chance by luck. Although there was a rebound trend yesterday, the continuation and strength were limited; the short-cycle hourly chart showed that the US market fell under pressure yesterday and broke the previous day's low position. The morning correction high position was near the 79950 area. The current K-line pattern continued to fall, and the attached indicator was dead cross. Then there is a high probability that the decline will continue during the day, and the rebound will not be strong.Therefore, today's BTC short-term contract trading strategy: sell at the rebound 77500 area, stop loss at the 78000 area, and target the 76000-75500 area;