Technical analysis by mohamadasgari about Symbol BTC: Buy recommendation (3/2/2025)

To analyze the current market situation, we need to take a look at the butterfly pattern within the range. Typically, traders aim for a Fibonacci target of 88% to 121%, but dear Bitcoin has penetrated up to 141% and reached the full target. Additionally, we had a three-drive pattern, and the corrective wave continued up to the range of $87,000. The main trend of Bitcoin on higher time frames is completely bullish, and as long as the price remains below the range of $54,000, the main trend will remain bullish.Price correction is a natural market phenomenon, and during deep corrective waves, it is a good time to enter the market. You should buy when fear dominates the market. In my opinion, the range of $70,000 to $75,000 is very suitable for buying, and if you are patient and buy within this range, you will gain a lot of profit. Don't forget that besides analysis and risk management, time is the most important factor for a trader.These corrective waves will soon come to an end, and we will witness the continuation of Bitcoin's record-breaking. Certainly, a price of $100,000 is a high price for buying, and today's price is more reasonable and attractive for spot buyers. [+]----------------The bulls will arrive soon. I want to give you a step-by-step buy signal right here, and I am confident that the whales of the crypto market will soon turn the tide. I have been in this market since 2017 and have experienced many stormy days on the Bitcoin ship in the ocean of the financial market. We need to ride the waves, and the best time is during these deep corrective days. I can draw a lot of lines, channels, and patterns on the chart, but all of that is nonsense. Stay away from futures trading. Stay away from trading leverage. And in these conditions, act against your instincts.Remember that 97 percent of traders lose in this market, while only 3 percent make a profit. With this simple strategy and a little patience, you can be a winner.