Technical analysis by Eldorado_Land about Symbol BTC: Buy recommendation (10/23/2024)

Hey everyone! 👋 Did you see the previous post? Since October 23rd, I've consistently backed a #BITCOIN growth, and in this time, #BITCOIN has experienced over 10% growth! 📈 (I’ll pin previous analyses and predictions below, take a look 👇)Now, it seems like we’ve reached a critical point, or better yet, a decision point 🔍. Today’s bearish drop and the structure of this drop suggest that the probability of further growth remains strong. 🌱There are two scenarios to confirm this growth:**Scenario 1:** If #BITCOIN grows from here, before dipping below 71,436, and breaks out of the bearish channel with a 1-hour candle closing above 72,470.00, this signals bullish growth 🚀.**Scenario 2 (more likely):** #BITCOIN might experience one more drop down to the bullish trend-line on the 1-hour time frame. This support zone between 69,940.81 - 70,458.15 is likely where a bottom could form before a bullish movement begins 📉➡️📈.**Next growth targets if either scenario 1 or 2 is confirmed:**- **Target 1:** 73,532.01 🎯- **Target 2:** 74,316.41 - 74,742.20 🎯- **Target 3:** 75,900.00 🎯 **Note:** Going beyond Target 3 carries more risk; if this target is achieved, we should reassess the conditions for continued bullish growth or a potential bearish reversal ⚠️.**Stop-Loss for this growth scenario:** If the bullish trend-line on the 1-hour time-frame breaks to the downside, the bullish growth scenario is canceled, and the trend shifts from bullish to bearish ❌.So, stay tuned! 👀