Technical analysis by SteaIth about Symbol BTC on 3/13/2025

BTCUSDT Hi everyone, I hope you are doing well and I have put my opinion in Bitcoin price on the chart for you. and hope this helps you! Simple, concise, useful Bitcoin (BTCUSDT) has broken below a key trendline, and we are now seeing a potential retracement towards a demand zone around $66,771.5, which could act as a strong support level. Breakdown & Retest: BTC has fallen below a significant trendline, confirming a bearish move. A possible retest of this zone before further decline is likely. Long Entry Consideration: If price stabilizes and shows bullish confirmation at the highlighted demand zone, it could provide a strong long opportunity. Bearish Scenario: A clean breakdown of this level could signal further downside potential, requiring caution before entering long positions. RSI Oversold? The RSI is showing a potential reversal area, but confirmation is key before making any trades. 📉 Waiting for confirmation before entering! Let me know your thoughts in the comments! Best regards