Technical analysis by Mohammad_Mirdehghan about Symbol BTC: Buy recommendation (5/26/2025)

Bitcoin continues to trade within a well-defined ascending channel on the weekly timeframe. After a healthy corrective phase, price action is rebounding strongly off the channel’s lower boundary, aligning with the ongoing long-term bullish trend. 🔹 Wave Structure and Fibonacci Extensions: The corrective structure suggests a completed ABC pattern, with the current move potentially initiating a new bullish impulse. Key Fibonacci extension levels: 161.8% at 120,721 200% at 130,246 224% at 136,849 These levels correspond to the upper channel boundary, providing potential long-term upside targets. 🔹 Oscillator Confirmation: The DTOsc indicator is rebounding from oversold territory, suggesting renewed bullish momentum. 📌 Trade Idea: Long-term bias: Bullish, targeting upper Fibonacci levels within the channel Invalidation: A weekly close below the channel’s lower boundary (~85,000) would challenge this scenario This chart supports a patient, long-term bullish view for BTC/USD, with significant upside targets over the coming months.