Technical analysis by Excites_by_Amesh about Symbol BTC: Buy recommendation (3/24/2025)

1️⃣ Fibonacci Golden Ratio (61.8%) Rejection:Price is reacting at the golden ratio level.Strong resistance zone → Possible reversal signal.2️⃣ Volume-Weighted Moving Average (VWMA) → Light Sell Condition:Price is struggling to hold above VWMA.Momentum weakening, confirming bearish pressure.3️⃣ Smart Money Concept (SMC) Order Block Above Price:Liquidity grab above order block → Smart Money may push price lower.Potential short setup with tight invalidation.📉 Possible Trade Setup:🔹 Short Entry: Near 61.8% Fib + VWMA confluence.🔹 Stop-Loss: Above 78.6% Fib level or recent high.🔹 Target: 50% or 23.6% Fib retracement levels for TP1 & TP2.🔹 Extra Confirmation: Watch for bearish candle patterns (e.g., engulfing, pin bars).