Technical analysis by QTM_Labs_pwm about Symbol BTC: Buy recommendation (10/28/2024)

A significant amount of buying has been identified in the current zone, mirroring the buying momentum observed in Zone 2 prior to the previous rally. This area is likely to serve as the third accumulation phase, indicating a high probability of an imminent breakout.The price may initially break through the current channel, then retest the level to absorb supply.