BTCUSDT Perpetual Contract
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A terrible drop looming

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As of March 11, 2025, Bitcoin (BTC) is trading at approximately $81,776.

Analyst Projections:

-RLinda's Analysis: TradingView analyst RLinda forecasts that if Bitcoin breaches the $82,000 support level, it could experience a significant decline toward the $73,000 mark.

-EGRAG's Perspective: Another analyst, EGRAG, suggests that Bitcoin might dip to $73,000 before initiating its next major upward movement.

Technical Patterns:

-Bearish Engulfing Candle: On the three-day chart, Bitcoin is forming a bearish engulfing candle pattern, indicating potential increased selling pressure and a possible short-term reversal.

Support Levels:

-Immediate Support: $80,500

-Major Support:$73,000

Conclusion:

Given the current market conditions and technical indicators, a drop to $73,000 is plausible. Traders should exercise caution and implement appropriate risk management strategies to navigate potential market volatility.
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BTC Trade Update

BTC is currently trading at around $82,663. Based on current patterns, here’s the anticipated move:

🔹 Short-Term Target: $84,700 – expect a minor correction after this.
🔹 Next Leg Up: $88,000 – likely the final peak before a major drop.
🔹 Crash Target: $73,000 – a key correction zone to watch.

Strategy: Consider shorting around $84,700–$88,000. Use tight stop-losses and monitor price action closely.

Stay sharp, manage risk.
註釋
BTC Trade Update

Bitcoin is moving as expected! First TP: 77K region is in sight. If you're in this trade, consider booking some profits at this level and securing your position.

Next step: Adjust your Stop Loss to Entry(85K) to minimize risk and ride the trend safely.

Let’s see how BTC reacts at this zone before planning the next move. Stay sharp.

#BTC #CryptoTrading #RiskManagement #Bitcoin

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