Technical analysis by Fondera about Symbol BTC: Buy recommendation (4/18/2025)

BTCUSDT – Weekly Bullish Outlook Weekly Context: Price has held the weekly Fair Value Gap and bounced off the 50 EMA, with clean wick rejections signaling strong buyer demand. The recent pullback (~32% from ATH) remains within historical correction bounds, and the tiny current retrace (<1%) suggests low downside risk. A triple bottom on the weekly RSI cycle around 40 further supports a bullish reversal. Trade Plan (Long): – Entry: Add longs near the weekly FVG / 50 EMA (around 75–87k). – Stop: Place just below the FVG low (≈70k), risking ~5% of account. – Target: First at 100k (psychological level), then previous ATH region for a 1:3+ RRR. Bullish Catalysts: • Weekly 50 EMA has only closed below twice—support intact. • Weekly FVG wick signals have historically delivered high-probability bounces. • Triple bottom on weekly RSI signals major capitulation is complete. • Macro backdrop (equities & gold) remains positive for BTC. Stay alert for any decisive weekly close below the EMA—until then, the bulls remain in control. 🚀