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

BTC/USD – 1H Chart Analysis📝 Trend Overview:BTC is showing signs of a bullish reversal, forming higher highs and higher lows, supported by the broadening bottom pattern. This formation often signals accumulation and precedes breakout moves. The market has now bounced three times from the demand zone, reinforcing its validity as a strong support.📍 Key Technical Zones:Demand Zone:103,201.46 – 104,197.07Price has tested this zone multiple times and bounced, indicating strong buying interest.☑️ Supply Zone:110,098.80 – 111,330.54Significant historical resistance. If BTC reaches this zone, expect strong selling pressure.📥 Fair Value Gaps (FVGs):1H FVG: 105,746.93 – 106,157.49Aligned with the Fibonacci Golden Pocket (0.618–0.786) retracement, increasing confluence.4H FVG: 107,337.85 – 107,738.15Key level for potential breakout or rejection.✅ Targets:TP1: 1H FVG zone (~106k)TP2: 4H FVG zone (~107.5k)TP3: Supply zone (~110k–111k)❌ Invalidation: Break and close below the demand zone would invalidate the bullish bias short term.📊 Volume Profile & OBV:Volume Profile (Right Side):High activity zones between 105k–107k show areas of interest for both bulls and bears.📊 OBV (On-Balance Volume):Currently consolidating, which suggests accumulation and potential for a breakout once volume picks up.🧠 Summary:BTC has regained bullish momentum following multiple rejections from the demand zone and the formation of a broadening bottom. If the price confirms a higher low at or above 104,925, expect a move towards the 106k and possibly the 110k region. Monitor price action at the FVGs for reactions and profit-taking opportunities.(NOTE: This is a spot trade - Leverage at your own risk and research)BTC has been consolidating for the last 7 days now. Within that time frame it has been rejecting off the support line and is preparing to do it again, on the 3rd touch there is always activity - lets keep an eye out for the pump or dump....Trade invalid due to trump dumping tweets against elon.