Technical analysis by dRends35 about Symbol BTC: Buy recommendation (4/29/2025)

BTCLots of chop designed to confuse, but this contracting area could be the second wave of an uptrend following the bullish running 3 wave correction.I think there is a good chance of this.It now would appear odds on that the lows of this corrective area will not be revisited 😯.Not advice.The ascending line was was broken to the downside and with impulse.This area is becoming quite similar to the previous re-accumulation that led to the pump:Plenty of short term wobbles, bearish threats but each bearish impulse was bought up quickly and in the latter phase; the lower pivots of the trading range were not threatened at all.Let's see if something similar happens here 🧐.As much as this area can chop and look dangerous in the short term, a key detail is that a bullish running 3 wave 1:0.618 GW correction has already completed.And so until the $93K pivot gets taken out, then this move up has a decent chance to be the following uptrend 🧐.The big bullish clue in the previous re-accumulation was when it Pattern Separated from unpleasant slumps into a shallow cause building descending channel.We may see something similar again 🤨.