Follow Trading Analysis.
30/03/2025
📉 BTC - TRADE SETUP 📈
Bitcoin has experienced a four-week decline from its recent high, dropping from $69K to $75K due to a decline in demand, leading to a potential correction.
That said, BTC has retested the 50% Fibonacci level and may still reach the 61.8% Fib level at $71K before stabilizing.
🔹 Trading Plan:
1️⃣ BUY if the $75K support zone is retested and forms a multiple/flat bottom, signaling potential strength.
2️⃣ SELL if Bitcoin breaks below $71K, confirming further downside momentum.
🎯 Target:
- Aim for a 1:3 risk-to-reward ratio for either entry.
Trade wisely & manage risk! 🚀📊
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