Technical analysis by gabrielmike010 about Symbol BTC: Buy recommendation (5/4/2025)

Fundamental AnalysisUncertainty with the Dollar.Institutional adoption of Bitcoin undergoing unprecedented acceleration.COT report(Bitcoin Micro Futures) as of: April 29, 2025 shows Non-commercial traders still net short(-3,958) however, a larger percentage of investors who were short the previous week have closed their short positions(-17,401) as opposed to those long(-758).Technical analysis(Daily TF)Possible low of the year formed in April(on the 7th)Displacement of sellers with buy stops above previous highs(2nd & 24th March)-2 scenarios possible;1. Correction to fill the liquidity void created on 20th-24th of April then continuation of the bull run or2. If the daily FVG formed on the 1st of May holds, it could support price higher.