Technical analysis by dRends35 about Symbol BTC: Buy recommendation (4/30/2025)

Chart from a few minutes ago:Now a few minutes later we can see a very strong bounce from the 0.618.This tidy bounce from the 0.618 signals that this slump was a simple retracement back to 1/Phi - 0.618.And so it may be that this fear test was the first correction wave. If correct then there will likely be another 3 to follow.This slump was in tandem with stock indexes slumpingNasdaq Futures:The danger is that stock indexes may have a higher degree wave down.If it did that could potentially drag crypto down, but its been a quick recovery in this short term area after falling from an ascending line and slightly higher high above resistance; both events with bearish potential.So far so good though in the immediate short term- this has been a very strong recovery bounce for Bitcoin 👍.Not advice