Technical analysis by pipnotic about Symbol BTC: Buy recommendation (3/16/2025)

Symbol: BTCUSDHigher Time Frame (HTF): WeeklyEntry Time Frame (ETF): DailyStrategy: Daily demand at ETF PBLStatus: WaitingR: 0BeforeIn the BTCUSD weekly chart, a significant demand zone, marked by historical buying interest, was bypassed by a rapid price surge, creating an "inefficiency" where the market didn't fully interact with potential buyers; while the price has attempted a return, it hasn't thoroughly retested this zone, leaving this inefficiency, thus a future, deeper retracement to this demand zone is anticipated to trigger renewed buying pressure, presenting a potentially favourable entry point for traders expecting a price rebound.NarrativeAnticipating a continued price rebalancing of the existing inefficiency, I would like to execute a limit buy order at the nearest daily demand zone, which exhibits a parent/child relationship with other demand levels; although lower demand zones exist, this proximal zone is my primary focus due to its immediate relevance to the current price structure.Emotions: None.Management: None.Notes: None.