Technical analysis by Sober_Trading about Symbol BTC: Buy recommendation (2/2/2025)

BTCUSDT is currently at the bottom of a descending channel on the 4H timeframe, aligning with a key support level. Given the broader bullish trend on higher timeframes, this zone could provide a strong foundation for a rebound.📊 Key Observations:Descending Channel Support: Price is testing the lower boundary of the channel, historically acting as a reversal point.Bullish Higher Timeframe Context: Despite the short-term downtrend, the macro trend remains bullish, increasing the probability of an upside reaction.Potential Targets: If support holds, the first target would be the mid-channel zone (~$100K), followed by a move toward the upper boundary around $104K-$106K.💡 Trading Plan:1️⃣ Watch for bullish confirmation signals like a bounce with strong volume or bullish divergences.2️⃣ If support fails, BTC could dip further before a stronger reaction—stay alert!3️⃣ Higher timeframe traders may see this as a buy-the-dip opportunity in an overall bullish market.🚀 The next move could be massive! Follow for real-time updates and expert analysis! 🔔