Technical analysis by ATF_Trades_FX about Symbol BTC: Buy recommendation (2/6/2025)

Disclaimer: This is not a trading advice but a personal analysis only for the study purpose.Greeting: Kindly share you thoughts on BTCUSD in the comment section.BTCUSD Current Value: 97800BTCUSD has remained stable even after experiencing a huge drop. Fundamentally BTCUSD is bullish and technically it is working under two ranges one is inner and second is outer range. Outer range consists of 109500 to 92000 whereas inner range consists of 102500 to 97500. so market is currently working under the inner range. if market respects the under range and does not give the bearish breakout then its target will be 102200 and if market gives bullish breakout of inner range then it will enter the outer range and will try to reach the area of 109500. our buying area is 97500 and our supporting area is 95000 while our targets are 102200 and 109500.Supporting Areas: 97500, 95000Resistance Areas: 102200, 109500Demand Zone: 109500Like, comment and follow for more updates on BTCUSD.