Technical analysis by EA_GOLD_MAN_COPY_TRADE about Symbol BTC: Buy recommendation (5/20/2025)

Trade Setup Analysis1. Support & Resistance ZonesSupport Zone (Buy Zone):Highlighted in purple, between $103,764 and $104,633, with a noted stop loss area near $104,061.Resistance/Target Zone (Take Profit Area):Around $109,878 – $110,002 labeled as “EA TARGET POINT”.2. Double Bottom Pattern (Bullish Signal)There are two orange circles at the bottom, indicating a double bottom pattern—often a bullish reversal signal.This is supported by a neckline break near the entry point at $104,534.3. Moving AveragesTwo moving averages are displayed:Likely a short-term MA (red) and a medium/long-term MA (blue).The price crossing above both suggests bullish momentum.4. Trade PlanEntry Point: Around $104,534Stop Loss: Below $104,061Take Profit (Target): $109,878 – $110,002Risk/Reward Ratio: High, given the tight stop and wide target.📈 Price ProjectionThe blue arrowed path suggests:A minor dip or consolidation near $104,534, followed by a strong upward move toward the target zone.The movement outlines a classic cup-and-handle or double-bottom breakout pattern.🧠 ConclusionThis is a bullish trading setup for BTC/USD with a favorable risk-reward ratio. The chart suggests:Buying near $104,534Stop loss just below supportTargeting a move to ~$110,000