Technical analysis by melikatrader94 about Symbol BTC: Buy recommendation (5/23/2025)

hello guys!Bitcoin has been riding nicely inside an ascending channel, and it just broke out of a clean bullish flag on the 4H chart (classic continuation setup).The move looks strong, and the target for this flag breakout sits around the $114,000–$115,000 zone (gray area). There’s a chance BTC pushes straight into that target if momentum holds, but we should also be ready for a possible pullback to the channel’s lower trendline before the next leg up.That lower boundary would be a spot to watch for bullish reactions if the market cools off short term.What I see:Pattern: Bullish Flag within Ascending ChannelBreakout Confirmed: Strong momentum after flag breakoutTarget Zone: $114,000–$115,000Scenarios:Direct move to targetRetest of channel support (~$106,000–$107,000) before continuationInvalidation: A Break below the channel support would invalidate the bullish setup