Technical analysis by CHOWTRADE about Symbol BTC: Buy recommendation (2/28/2025)

🚦 Current Situation:After a long consolidation, the price is showing a downward breakout and notable decline. The market remains in a sideways range, but there are signs of a potential breakout. Let's analyze the current situation.🧠 Technical Analysis:🔍 Key Observations:Trend: We are still within an upward channel, with a mirror support level below.Fractal Analysis: The current situation resembles the market structure from February to October 2021. This could indicate a possible repeat of a prolonged recovery scenario.🕒 Timeframe: The recovery could take several months, so it is important to remain patient and monitor key support levels.🛠️ Updated 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 considering short positions, because:There's a risk of a sharp rebound.A potential reversal scenario through stop-loss hunting.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, including potential squeeze zones.Liquidity Areas: Possible squeeze to collect stop-losses before growth. Base Scenario: Expecting a squeeze below 91,097 USDT, reaching the first long zones. After that, a bounce and development of a bullish impulse are possible. The primary goal is a return to the 100,000+ USDT zone.⚠️ Risks:Breaking key support zones could lead to a deeper correction.High volatility requires strict risk management and avoiding emotional decisions.📌 Conclusion:Carefully monitoring the market, analyzing reactions at support levels, and being prepared for a potential correction. The focus is on limit orders in potential squeeze zones, avoiding rushed short positions.🧠 The strategy remains balanced, considering the potential repeat of the 2021 fractal. If the support level holds, a prolonged recovery with growth potential is possible.📈 The main goal is to act wisely and maintain a focus on the long-term perspective! 🚀