BTC update on 12.03.2025
Summary
BTC has hit key support at S1, offering a potential entry opportunity. Liquidation data shows increasing volume, supporting the case for a recovery. Long-term, BTC needs to break R1, and current RSI levels suggest a strong and healthy market.
Short-term
If BTC fails to hold the 88.7% level, it would drop to S1, which has now happened. This could be a good spot to consider a small position, as support is being tested
Long-term
BTC has reached our first Fibonacci retracement level. The next crucial step is a break above R1 to maintain bullish momentum. Additionally, the RSI at the top looks very healthy, signaling that the market remains in a strong position.
Liquidation Heatmap Analysis
The heatmap looks solid now, as we’re finally seeing some volume returning. This aligns well with both the short- and long-term structures, adding confidence to the overall outlook.
