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

https://sahmeto.com/message/3534207
ProfittoPath
ProfittoPath
Rank: 197
3.0

Trade Setup – BTC/USD (Bitcoin vs. U.S. Dollar)!

Buy
Price at Publish Time:
$104,564.71
Profit Target:
(+1.24%)$105,860
Stop Loss Price:
(-0.82%)$103,706
Buy،Technical،ProfittoPath

📈 Current Price: $104,755🔺 Pattern:Descending Triangle Breakout + Retest EntryBreakout from downtrend line followed by bullish retest at trendline confluence.🛠️ Trade Levels:Entry: ~$104,257 (marked by bullish candle & confluence zone)Stop-Loss (SL): $103,706 (below structure & retest zone)🎯 Targets:TP1: $105,860 (resistance zone – green line)TP2: $106,870 (major horizontal resistance)🧠 Technical Highlights:Clear descending trendline broken with retest at confluence of support.Multiple breakout retest confirmations (yellow circles).Risk/Reward is favorable (~1:2.5).Strong previous bullish momentum and clean support zones.📊 Bias:Bullish above $104,200Neutral/Bearish if price loses $103,700

Source Message: TradingView
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