Technical analysis by MAKFX21 about Symbol BTC: Buy recommendation (3/23/2025)

Bitcoin (BTCUSD) Analysis – 2H Timeframe1. Market Structure & Current PositionBitcoin has been ranging after a sharp drop from 97,000 to 83,000.It recently attempted a recovery but is struggling around the 84,300-84,800 zone.Consolidation structure suggests accumulation or distribution before a significant move.The previous high around 97,000 is still a major point of interest.2. Key Technical LevelsResistance Levels:85,800 – 86,300 (Short-term resistance)88,900 – 89,300 (Gann level + liquidity zone)97,000 – 97,500 (Key swing high)Support Levels:83,000 (Current support)81,800 – 82,000 (Strong demand area)77,300 (Deep retracement Gann support)3. Probable Scenarios & Probability %➡️ Bullish Scenario (60%)If BTC breaks above 85,800, it could push towards 88,900 (liquidity grab level).A breakout above 89,300 confirms a rally towards 97,000 (previous swing high).Elliott Wave suggests this could be Wave 3 of a bullish impulse, targeting higher Fibonacci extensions.➡️ Bearish Scenario (40%)If BTC fails to hold above 83,000, a drop to 81,800 – 82,000 is likely.Breaking 81,800 opens the door to 77,300 (Gann retracement level)A failure here suggests deeper correction or accumulation for a larger move later.4. Conclusion & Trading Strategy📌 Bias: Bullish above 85,800, cautious below 83,000.📌 Entry Points:Aggressive Buy: Above 85,800 if momentum confirms.Safer Buy: Retest of 83,000 with strong bullish reaction.📌 Risk Management:Stop Loss: Below 81,800 for buys.Take Profit: 88,900 → 89,300 → 97,000.the buy active with 4000 points .