Technical analysis by darksignal about Symbol BTC: Buy recommendation (6/3/2025)

darksignal

Rebound from Local Support (~105,000 USD) The price reacted to a key support level and is showing early bullish candles, suggesting a possible continuation of the upward trend. WT_LB Oscillator (WaveTrend) Currently in the oversold zone and starting to curl upward – a typical early buy signal. Medium-Term Trend Still Bullish The recent pullback hasn’t broken key market structure – likely just a profit-taking phase before another leg up. Structure of Higher Highs and Higher Lows (HH-HL) The chart continues to show a bullish structure, and the current consolidation may serve as a base for an upward breakout. ⚠️ Trade Setup: Entry: ~105,460 USD Take Profit (TP): ~116,265 USD Stop Loss (SL): ~102,249 USD Risk-to-Reward (R/R): Approximately 1:3 – favorable setup.