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

BTCUSD – Bullish Gartley Pattern Forming✅ Market Context:Pattern: Bullish GartleyCurrent Trend: Mid-term bearishKey Bullish Level: $62,000 (Potential PRZ – bullish reversal zone)Resistance: Long-standing bearish trendline, tested multiple timesSupport: Bullish trendline aligning near the Gartley PRZ at $62,000🧩 Gartley Breakdown:XA: Strong bullish moveAB: Retraces 61.8% of XABC: Retraces 38.2–88.6% of ABCD: Extends to 78.6% of XA→ Completion zone at $62,000📈 Trade Idea – Prepare for LONG SetupScenario 1: Price Drops to $62,000Look for bullish confirmation (candle pattern, divergence)Ideal entry zone to long from PRZStop-loss: Below Gartley X-point or local low (~$60,500–$61,000)Scenario 2: Price Consolidates Under TrendlineIf it breaks the bearish trendline, prepare for early momentum breakoutWait for a retest of the breakout and enterTargets: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 confirmationBTC volume confirmation near $62,000Macro news: BTC ETF flows, Fed stance on rates, CPI