#BTCBelow80K $BTC /USDT Market Update – March 8, 2025
📉 Current Price: $63,285 (-2.60%)
🔼 24H High: $65,940
🛑 24H Low: $60,870
📊 24H Volume (BTC): 89.4K
💰 24H Volume (USDT): 5.63B
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🔍 BTC Price Analysis & Key Levels
🔹 Support: $60,800 - $61,500 🛡️
🔹 Resistance: $65,800 - $66,600 🚧
Price Action
BTC retraced after facing strong resistance near $66K. The pullback is testing the $61K demand zone, and momentum is fading.
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🟢 Bullish Scenario ✅
✔️ Hold above $61K could trigger bounce toward $65,800
✔️ Breakout beyond $66K opens room for $68,000
🔴 Bearish Scenario ⚠️
❌ Drop below $60,800 may drag BTC toward $58,500
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🎯 Trading Strategy: Wait for Confirmation
🚀 Spot Trading (Mid-Term)
🛒 Buy Zone: $60,800 - $61,500
🎯 Targets: $65,800 | $68,000
⛔ Stop Loss: $59,500
⚡ Futures Trading (High Risk)
📉 Short Setup (Failing $65,800):
🔹 Entry: $65,500 - $65,800
🎯 Targets: $62,000 | $60,800
⛔ Stop Loss: $66,600
📈 Long Setup (Bounce from $61K):
🔹 Entry: $60,800 - $61,500
🎯 Targets: $65,800 | $66,600
⛔ Stop Loss: $59,500
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⚠️ Risk Management
✔️ Stay alert on volume divergence
✔️ Use tight stops in high volatility
✔️ RSI cooling, look for MACD flip
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🔥 Summary
📌 BTC is in a healthy pullback
📌 $61K is the battlefield for bulls
📌 Eyes on $66K breakout or $60K breakdown
📢 Trend: Cautiously Bearish — Will bulls step up or is more bleed incoming?
