Technical analysis by TSFC about Symbol BTC on 3/17/2025

In Friday's analysis "How Trump's Policy Will Impact the Crypto Market", we presented a bearish model for the medium-term perspective👇 Today, our key focus is on the $78,300 level (the 4th point of our model), which serves as significant support. It's important to note the presence of an unfilled gap on CME at the $85,905 level ($85,943 in index terms)👇 We assess the probability of closing this gap in the near term as high – either from current positions or after retesting the $78,300 level. How will we act? If price moves toward $85,943 from current levels, we plan to partially close our #ETH position that was accumulated during the March 11 decline. In the scenario of a retest of $78,300, we will consider opening a long position on #BTC with a target of $85,943.