$BTC BITCOIN REPORT-TECHNICAL EDITION๐๐ฅ
Smart Metrics (7 Days)
๐ฅ Smart Followers: 1062 (ยฑ1)
๐ฌ Smart Mentions: 77 (+7)
Market Overview
๐น BTC Price: $76,969 (-5.48% in 24H)
๐น Trading Volume: $49.98B (-0.27% weekly)
๐น Price Range (7 Days): $77,494 - $83,690
๐น Trend: Bearish (Below 20-day SMA: $89,196 & 200-day SMA: $83,365)
๐น Sentiment: Extreme Fear (Fear & Greed Index: 24)
Candlestick Patterns
๐ March 9 โ Doji Pattern (Medium Reliability)
Open: $80K | High: $82K | Low: $76K | Close: $78K
Indecision in the market, possible short-term pause or slight recovery.
๐ March 10 โ Belt Hold Pattern (High Reliability)
Open: $78.5K | High: $79K | Low: $75K | Close: $76.5K
Strong selling pressure, confirming bearish sentiment. Expect further decline.
Support & Resistance
๐ Support Levels: $70,601 (Key), $73,562 (Next)
๐ Resistance Levels: $78,393 (Testing)
๐น Fibonacci Levels:
50% Retracement: $79,003 (Bullish entry point)
61.8% Retracement: $71,975 (Bearish level)
A break above $78,393 could push BTC to $100K, while a drop below $70,601 may lead to further decline.
Key Indicators ๐
๐ RSI: 32.6 (Oversold)
๐ฐ MFI: 19.1 (Oversold)
๐ MACD: Bearish
๐ ADX: 35.2 (Strong downtrend)
๐ Stochastic Oscillator: 17.7 (Oversold)
๐บ Bullish Divergences in RSI & MACD (Potential reversal)
Trading Outlook
โ Bullish Scenario: Break above $78,393 = potential rally ๐
โ Bearish Scenario: Drop below $70,602 = risk of panic selling ๐
โ Caution: Market is in extreme fearโwatch volume for confirmation.
Final Takeaway: Bearish for now, but signs of a possible reversal soon. Stay alert! ๐๐
#BBVABitcoinGreenlight #WhaleAccumulation #StablecoinGoldRush #MarketPullback
