Technical analysis by MangoMan4 about Symbol BTC: Sell recommendation (3/12/2025)

🛠 Technical Overview🔸 Asset: Bitcoin (BTC/USDT Perpetual Futures)🔸 Exchange: Binance🔸 Timeframe: 30-Minute Chart🔸 Key Structure: Parabolic Curve Breakdown📉 Bearish Breakdown & Potential SupportBitcoin has broken below a curved trendline, indicating that the bullish momentum is cooling off. The current price action suggests a pullback to a major liquidity zone around $78,000 - $79,000, where buyers may step in.🚀 Reversal Area & Buying OpportunityThe marked Reversal Area (gray box) is a high-probability demand zone.A reaction here (wick rejections, bullish engulfing candles) could signal a long opportunity.Invalidation: If BTC breaks below $77,500, more downside is likely.🎯 Trading Strategy📌 Bearish Setup: Short-term pullback until Reversal Area (78K-79K)📌 Bullish Setup: Wait for confirmation of demand absorption at Reversal Area📊 Key Levels to Watch🔹 Support: $78,000 - $79,000🔹 Resistance: $82,500 - $83,000📈 ConclusionBitcoin is at a critical juncture! A successful bounce at the Reversal Area could trigger another bullish leg, but if support fails, further downside is possible. Traders should remain cautious and watch volume trends closely.🔔 Like & Follow for More BTC Analysis! 🚀