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Technical analysis by angela_altair about Symbol BTC: Buy recommendation (5/3/2025)

https://sahmeto.com/message/3473533
angela_altair
angela_altair
Rank: 4507
1.7

BTCUSDT to head towards 106k

Buy
Price at Publish Time:
$96,338.49
Profit Target:
(+10.03%)$106,000
Stop Loss Price:
(-4.50%)$92,000
Buy،Technical،angela_altair

BTCUSDT is currently trading inside weekly resistance zone WR1 and currently holding inside this zone. However, since it has not been rejected outrightly from there showing the strength and a high probability of it breaking this resistance and moving to the upside towards 106k area. Later we can see pullback from there towards WR1+DS1 zone testing as support and then bounce again from there towards clear sky as depicted on the chart. This structure will also create a giant inverse head and shoulder fueling the upward move later on. However, those we will assess later after more price action is there. But for now, lets focus on this long trade from weekly resistance zone WR1 to 106k.

Source Message: TradingView
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