Technical analysis by Fx_Faiza about Symbol BTC: Buy recommendation (5/27/2025)

Market Context & Structure:Sideways Range Movement:The chart shows two primary consolidation (range-bound) zones marked with green shaded rectangles. BTC has been trading within these horizontal zones for a considerable period, suggesting indecision or accumulation/distribution phases.Current Breakdown:Recently, BTC broke down from the upper consolidation range (~109,800–110,200 zone) and dipped below, forming a bearish move. This is confirmed by the red candles and the price moving out of the prior horizontal range.---Key Levels:Resistance Zone: ~110,000Marked by the upper green line and previous consolidation highs. This will likely act as resistance if price tries to move up again.Support Zone: ~107,400Marked by the lower green horizontal line. Price touched this area and bounced slightly (as shown by the highlighted circle).---Candlestick Patterns:Bearish Momentum:Multiple red candles indicate selling pressure. However, the recent candle shows a potential hammer-like recovery wick, suggesting some buyer interest near the support.---Projection (Dotted Line with Arrow):The chart includes a bullish recovery scenario illustrated with a blue dotted line. This indicates a possible short-term reversal from the support area with a target to retest the previous resistance around 110,000.---Interpretation:If Price Holds Above Support (107,400):A potential bounce and retest of the 110,000 resistance is possible — a bullish reversal setup.If Support Breaks Decisively:Further downside may be expected, possibly toward 106,000 or lower. Sellers would gain control.---Trading Plan (Not Financial Advice):Long Entry: Near 107,400 if bullish confirmation forms (e.g., bullish engulfing or higher low).Stop Loss: Below 107,000 to limit downside.Target: 109,800–110,200 zone.