Technical analysis by CHOWTRADE about Symbol BTC: Buy recommendation (2/20/2025)

CHOWTRADE

🚦 Current Situation:The price is consolidating around the 97,000 USDT level. After reaching a local high at 108,429 USDT, Bitcoin is showing a pullback but remains in a sideways range.🧠 Strategy:🔹 Long: Planning to set limit orders in the marked green zones:🟢 First zone: 87,673 USDT — potential bounce after a squeeze.🟢 Second zone: 75,194 USDT — a more aggressive scenario if bears break through support.❌ Not planning to short because:There’s a risk of a sharp rebound.A potential reversal scenario through stop-loss hunting above.The market remains highly volatile, and a bearish impulse could quickly turn bullish.📊 Technical Outlook:Support Level: 91,097 USDT — red line.Interest Zones: Highlighted in green.Liquidity Areas: Possible squeeze to collect stop-losses before growth.📈 Base Scenario:Expecting a possible squeeze below 91,097 USDT, reaching the first long zones.After that, a bounce and development of a bullish impulse are possible.The primary target is a return to the 100,000+ USDT zone.⚠️ Risks:Breaking key support zones could lead to a deeper correction.High volatility — it’s important to maintain risk management and avoid emotional decisions.📌 Conclusion:Keeping a close eye on the market, monitoring the reaction at support levels, and staying ready for a correction. The focus is on limit orders in potential squeeze zones, but without rushing into shorts.