Technical analysis by JB308 about Symbol BTC: Sell recommendation (3/13/2025)

For what feels like the longest time I have had my eye on the CME gaps down at approx 11k and 9.5k.I still feel like a retrace to these levels is possible should a significant enough downturn in traditional markets occur.I would look at placing buy orders at these levels (as well as on the way down to there) in anticipation of there being a rapid cascade of liquidated longs.Such a retrace would not be uncommon for Bitcoin, and targeting these levels would be a great way to load up on shockingly cheap coin while weak hands and excess leverage are shaken out of the market.Obviously, altcoins would be affected also.I would not trust any stable coin that has market exposure as part of their stabilizing mechanism.XAU and PAXG are probably the "safest" places to keep un-allocated capital.Thoughts and insights are welcome.