Technical analysis by cagdaswoo about Symbol BTC: Buy recommendation (1/9/2025)

I think #Bitcoin rose to $102,500 with a fake breakout above the horizontal channel range. I see this move as a manipulation to drain liquidity obtained especially from small investors. In the current view, BTC has fallen to the lowest level of the horizontal channel and if there is a downward break, a drop to $86,000 is likely. On the other hand, if #BTC turns from the alt level of the horizontal channel and gains upward momentum again and continues to consolidate within the channel, we may start to see green candles in #altcoin pairs in the coming days. IMPORTANT: Analyses are definitely not investment advice. I recommend that you definitely research the projects you will buy and act according to your own risk strategy. "It's your money, it's your decision"