Technical analysis by MangoMan4 about Symbol BTC: Sell recommendation (3/13/2025)
MangoMan4

#BTCUSDT Bitcoin is currently displaying bearish momentum following a parabolic rounding top pattern, leading to a decisive break below the $81,000 support zone.🔍 Technical Analysis:📉 Breakdown from Support: BTC failed to hold its key support and is now facing a lower high rejection, confirming further downside.📈 Potential Retest: Expecting a retest of the $81,000 area before continuing lower.📊 Targeting 78K - 77.5K: This area is a critical demand zone where we could see buying interest and potential reversal signs.📌 Trading Plan:Short Scenario:🔻 Entry: Retest near $81,000 - $81,200🔻 Stop Loss: Above $82,000🔻 Take Profit: $78,000 - $77,500Long Scenario (If BTC Rebounds):🔹 Look for bullish signs near 78K🔹 Possible bounce back towards 80K+🧐 Market Sentiment:🔺 Bullish if: BTC holds 78K and reclaims 81K.🔻 Bearish if: BTC loses 77.5K, opening the door to 75K next.What’s your outlook? Comment below! 🚀📉