$BTC BITCOIN REPORT-TECHNICAL EDITION📊🔥

Smart Metrics (7 Days)

👥 Smart Followers: 1062 (±1)

💬 Smart Mentions: 77 (+7)

Market Overview

🔹 BTC Price: $76,969 (-5.48% in 24H)

🔹 Trading Volume: $49.98B (-0.27% weekly)

🔹 Price Range (7 Days): $77,494 - $83,690

🔹 Trend: Bearish (Below 20-day SMA: $89,196 & 200-day SMA: $83,365)

🔹 Sentiment: Extreme Fear (Fear & Greed Index: 24)

Candlestick Patterns

📅 March 9 – Doji Pattern (Medium Reliability)

Open: $80K | High: $82K | Low: $76K | Close: $78K

Indecision in the market, possible short-term pause or slight recovery.

📅 March 10 – 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

📉 Support Levels: $70,601 (Key), $73,562 (Next)

📈 Resistance Levels: $78,393 (Testing)

🔹 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 📊

📉 RSI: 32.6 (Oversold)

💰 MFI: 19.1 (Oversold)

📉 MACD: Bearish

📉 ADX: 35.2 (Strong downtrend)

📉 Stochastic Oscillator: 17.7 (Oversold)

🔺 Bullish Divergences in RSI & MACD (Potential reversal)

Trading Outlook

✅ Bullish Scenario: Break above $78,393 = potential rally 📈

❌ Bearish Scenario: Drop below $70,602 = risk of panic selling 📉

⚠ Caution: Market is in extreme fear—watch volume for confirmation.

Final Takeaway: Bearish for now, but signs of a possible reversal soon. Stay alert! 👀🚀

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