Technical analysis by Midgar- about Symbol BTC on 3/2/2025

On BTCUSD we have a classic Inverse Cup With Handle. The move you are seeing bouncing hard off the 78k bottom is a corrective move designed to draw in Longs for a second wave of Margin calls as it tops out to form the cup handle, and sells off to retest the Breakout Zone. If you bought this rally you should think again, We wont know BTCUSD true direction until the handle is formed and we re-test the breakout zone for reversal up, or a breakdown continuation of the bearish pattern. Get Lucked or Get Phucked.