Technical analysis by CryptoFadeOut about Symbol BTC: Buy recommendation (1/18/2025)

After the downtrend it broke, FIB made a FAKE breakout and closed the day above 103.619, which is the level of 0.886. Now we will watch and see if this breakout is really FAKE or if we will be priced above the FIB level during the day. However, if it wants to retest this level after the downtrend breakout, this should be considered normal. I think that even if there is a violation below the downtrend, it will close the day on the trend.