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@ Lina Engword ⚡
2025-03-07 05:08:51
$OKX: $BTC $USDT.P
**Introduction:**
Bitcoin (BTC) faced a sharp correction on March 7, 2025, after a continuous rally to new all-time highs. This analysis delves into the current situation of BTC using technical analysis from multiple timeframes (15m, 4H, Day), considering various key indicators to assess the trend and appropriate trading strategies.
**Technical Analysis:**
* **15-Minute Timeframe (15m):**
* Experienced a sharp price drop (Sell-Off), breaking through several key support levels.
* EMA 50 crossed below EMA 200 (Death Cross), a clear Bearish signal.
* Money Flow is strongly negative.
* Trend Strength is a thick red cloud (strong downtrend).
* *Conclusion: Clear short-term downtrend.*
* **4-Hour Timeframe (4H):**
* Price broke out of the consolidation range and below EMA 50.
* EMA 50 crossed below EMA 200 (Death Cross), confirming a medium-term Bearish signal.
* Money Flow is negative.
* Trend Strength is a red cloud.
* Key support is at EMA 200 (around $60,000) and $58,000.
* *Conclusion: Confirms the medium-term correction.*
* **Daily Timeframe (Day):**
* The price remains above EMA 50 and EMA 200. *The main uptrend structure is still intact.*
* Money Flow remains positive (although starting to decrease).
* Trend Strength: The green cloud is still present (but starting to thin).
* Key support is at $60,000 (previous Low) and $50,000-$52,000 (EMA 200 and Demand Zone).
* *Conclusion: The long-term trend is still uptrend, but signs of weakness are starting to appear.*
**Buyside & Sellside Liquidity (Summary from all TFs):**
* **Buyside Liquidity (Resistance):** $68,000-$69,000 (strong resistance in the short term), $72,000, $75,000 (long-term targets if it turns bullish again).
* **Sellside Liquidity (Support):** $60,000 (key psychological support and EMA 200 on 4H TF, previous Low on Day TF), $58,000 (Demand Zone on 4H TF), $50,000-$52,000 (EMA 200 and Demand Zone on Day TF).
**Trading Strategies:**
* **Day Trade (15m):** *Very high risk.* Do not recommend Buy. Focus on Short Selling when the price rebounds to test resistance (EMA or the $68,000-$69,000 area) and there are Bearish signals. *But be extremely careful* as it contradicts the main long-term trend. Set a Stop Loss above the Swing High.
* **Swing Trade (4H):** *Do not Buy now.* Wait for clearer reversal signals around the EMA 200 support ($60,000) or $58,000. If there are Bullish signals at these supports, then consider entering a Buy with a Stop Loss below the support.
* **Position Trade (Day):** Wait for opportunities at key support levels ($60,000 or $50,000-$52,000) or wait for clear reversal signals.
**Things to Watch Out For:**
* Very high volatility of BTC price during this period.
* News or events that may affect the market.
* False Breakouts and Dead Cat Bounces (short rebounds before continuing to fall).
* Going against the trend is very high risk.
**Summary:**
Bitcoin is facing a significant correction after a continuous rally. The short-term trend (15m) is clearly bearish, the medium-term (4H) confirms the correction, while the long-term (Day) is still bullish but starting to weaken. Investors should be extremely cautious in trading. Day traders may consider Short Selling on signal, Swing traders should wait for reversal signals at support, and Position traders should wait for opportunities at key support levels.
**Disclaimer:** This analysis is a personal opinion and not investment advice. Investors should do their own research and make decisions carefully.