Secure profits of SHORTBitcoin (BTC) Market Analysis – March 10, 2025
Chart Overview & Key Insights
This is a daily timeframe BTC/USDT chart on Bybit, showcasing a confluence of indicators including the BitcoinMF PRO signals, standard error bands (not Bollinger Bands!), Fibonacci levels, and support/resistance zones. Below, the Fisher Transform indicator is displayed for trend confirmation.
🔍 Current BTC Price Action & Key Observations
Price: $79,404 (-1.60%)
BitcoinMF PRO last short signal hit take profit (TP) → This often results in buy pressure as shorts take profits and exit, creating demand.
A new short signal is forming, but it’s in a riskier position:
Shorting too late into a move can be dangerous, as the market tends to reverse to hunt late shorts.
Price is already near key support zones (~$80,133 and lower at $73,240).
Linear Regression (LR) Channel: Price is currently testing the lower boundary, which often acts as support.
Volume Analysis: Increasing red bars show strong selling pressure, but potential buyer defense near key levels.
📉 Fibonacci & Support/Resistance Levels
🔻 Key Supports:
$80,133 (Short-term support)
$73,240 (Stronger support)
$65,485 (Major support)
🔺 Resistance Levels:
$86,163 (First target if price rebounds)
$92,957 (Major resistance)
🛠 Fisher Transform Indicator (Bottom Panel)
The Fisher Transform is deep in the oversold zone, which historically indicates a high probability of reversal.
If the blue line starts turning upward, it can indicate a bounce incoming.
Right now, Fisher is at extreme levels, meaning that while more downside is possible, a reversal could be forming soon.
📉 CME Gap Around $70K – What It Means
CME gaps occur when Bitcoin futures on the Chicago Mercantile Exchange (CME) close for the weekend and reopen at a different price.
A well-known market phenomenon is that Bitcoin tends to "fill" these gaps over time.
There is a gap in the $70K region, meaning Bitcoin may be magnetized toward that level before a major reversal.
🔍 How This Affects the Current Market?
Current BTC Price: $79,404
CME Gap Zone: $70,000–$72,000
Major Support Zones: $73,240, then $65,485
🛠 Possible Scenarios
1️⃣ BTC moves down toward $70K to fill the CME gap before bouncing.
This is a logical move, especially as Bitcoin is already in a downtrend.
Traders should be cautious of a liquidity grab below $73K.
2️⃣ If BTC doesn’t drop immediately, a short squeeze could come first.
Many late shorts have entered the market (as seen in open interest data).
A squeeze up to $86K– GETTEX:92K could trap them before Bitcoin eventually moves down.
📊 CME Gap Probability in the Current Context
🔹 Likelihood of BTC filling the $70K CME gap: 8/10
🔹 Before that, BTC could see a bounce (short squeeze): 7/10
🧠 What’s the Next Most Probable Move?
📊 Probability Scale (1-10)
Next Move Probability: 7/10 for a bounce before further downside
📉 While BTC is in a downtrend, several factors indicate that shorting now is riskier than before:
Last BitcoinMF PRO short hit TP → Buy pressure from short profit-taking.
Extreme oversold Fisher Transform.
Price sitting near critical support ($80K zone).
🔹 Possible Scenario:
Short squeeze to $86K before any further drop.
If $86K gets rejected → A continued downtrend to FWB:73K or lower.
📢 Conclusion & Trading Strategy
If you are short: Secure profits or set a tight stop-loss in case of a short squeeze.
If you are long: Look for signs of Fisher Transform turning up before entering.
Shorting here is riskier as the market may hunt late shorts before going lower.
⚡ Watch for a relief bounce! While more downside is possible, liquidity grabs often happen before continuation moves. Be strategic with stops and TP zones.
📜 Ancient Wisdom – Patience & Timing in Trading
There’s an old Jewish saying:
"Gam zu l'tovah" – "This too is for the best."
A great trader, much like a wise man, waits for the right moment instead of rushing into moves impulsively. If the market is preparing a short squeeze, traders who chase shorts too late may find themselves trapped. Timing is everything.
🔹 BitcoinMF PRO users caught this downtrend early – consider using it for future trades!
🚀 Get it on TradingView today! 🚀
