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 120,721200% at 130,246224% at 136,849These 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 channelInvalidation: A weekly close below the channel’s lower boundary (~85,000) would challenge this scenarioThis chart supports a patient, long-term bullish view for BTC/USD, with significant upside targets over the coming months.