Technical analysis by mchansha about Symbol BTC: Buy recommendation (5/24/2025)

BTCUSD Hello Traders, BTCUSD 1D 24/05/2025Bitcoin has already completed a clean retest of the breakout structure, yet Stochastic remains in the overbought zone (above 75), signaling a potential short-term correction.Key Observations:- Price may push further toward the 111,917 resistance zone- Due to overbought momentum, there’s a possibility for a bounce back toward the SBD (Supply Become Demand) zone before any continuation- As long as market sentiment remains bullish, we may see a breakout above 111,917 after the correctionKey Zones:- Resistance: 111,917- Demand/SBD Area: Around 102,000- Major Demand: Below 94,000Short-term caution ⚠️, long-term structure possible continue bullish 📈Trade wisely, manage your risk —Disclaimer ON!