Technical analysis by HAMED_AZ about Symbol BTC: Buy recommendation (5/7/2025)

Hello Traders! 👋 What are your thoughts on BITCOIN? Bitcoin is currently testing a major resistance zone between $98,000 and $100,000, which also aligns with the 0.707 Fibonacci retracement. This area has previously acted as a strong supply zone, raising the possibility of a short-term rejection. Scenario 1 – Bullish Breakout: If price breaks and closes above $100,000, we could see a strong continuation toward $106,000 → $112,000, driven by momentum and possible FOMO. Scenario 2 – Deeper Pullback Before Continuation: If Bitcoin gets rejected at resistance, a retest of the lower support zone (previous demand area) may follow. A successful bounce from that support could reignite bullish momentum in the medium term. Trading Strategy: Wait for a confirmed breakout and candle close above $100K for a high-conviction long entry. Alternatively, look for buy setups on a pullback toward the support zone for a better risk-reward entry. How are you planning to trade this setup? Breakout or dip-buy? Share your strategy below! 👇 Don’t forget to like and share your thoughts in the comments! ❤️