Technical analysis by MAAwan about Symbol BTC: Buy recommendation (4/11/2025)

BTCUSD – Bullish Gartley Pattern Forming ✅ Market Context: Pattern: Bullish Gartley Current Trend: Mid-term bearish Key Bullish Level: $62,000 (Potential PRZ – bullish reversal zone) Resistance: Long-standing bearish trendline, tested multiple times Support: Bullish trendline aligning near the Gartley PRZ at $62,000 🧩 Gartley Breakdown: XA: Strong bullish move AB: Retraces 61.8% of XA BC: Retraces 38.2–88.6% of AB CD: Extends to 78.6% of XA → Completion zone at $62,000 📈 Trade Idea – Prepare for LONG Setup Scenario 1: Price Drops to $62,000 Look for bullish confirmation (candle pattern, divergence) Ideal entry zone to long from PRZ Stop-loss: Below Gartley X-point or local low (~$60,500–$61,000) Scenario 2: Price Consolidates Under Trendline If it breaks the bearish trendline, prepare for early momentum breakout Wait for a retest of the breakout and enter Targets: TP1: $65,500 (structure) TP2: $68,000 (Fibonacci 0.618) TP3: $70,000+ Risk-Reward: Aim for 1:2 or higher ⚠️ What to Watch: Daily RSI/MACD for divergence confirmation BTC volume confirmation near $62,000 Macro news: BTC ETF flows, Fed stance on rates, CPI