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Technical analysis by OvidiuPublius about Symbol BTC: Buy recommendation (5/17/2025)

https://sahmeto.com/message/3518111
OvidiuPublius
OvidiuPublius
Rank: 2527
2.2
Buy،Technical،OvidiuPublius

I find it hard to believe given the structure on the chart that BTC will not at least make a new ATH. The 2 main scenarios I am thinking about are we either go up from here and then get rejected or we visit the demand below where a long would be warranted. Anything else would be considered as PA develops. I prefer the drop first and then challenge ATH to increase the odds if price going into price discovery thereafter.

Translated from: English
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Signal Type: Buy
Time Frame:
4 hours
Profit Target:
$109,500
Stop Loss Price
$96,227.7
Price at Publish Time:
$103,583.97
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