Technical analysis by FX_Jhon about Symbol BTC: Buy recommendation (6/13/2025)

This chart shows a trading setup for Bitcoin (BTC/USD) on the 1-hour timeframe, with a clearly defined range and a suggested trade idea:Key Elements:Support and Resistance Zones:Resistance (Take Profit): Around $110,500–$111,000Support (Stop Loss): Around $102,500–$103,000Entry Line: Around $106,000Price is currently hovering just below this level at $105,669.Highlighted Patterns:Double top pattern near the resistance zone (orange circles at the top), suggesting strong resistance.Double bottom pattern near the support zone (orange circle at the bottom), indicating a potential reversal.Trading Idea:Potential Long Entry:Buy at or slightly above the entry line (~$106,000) once confirmation of upward momentum is seen.Take Profit: Near the resistance zone (~$111,000)Stop Loss: Just below the support zone (~$103,000)Risk/Reward Summary:Risk: ~3,000 points (from $106,000 to $103,000)Reward: ~5,000 points (from $106,000 to $111,000)Risk/Reward Ratio: Approximately 1:1.66, which is favorable.Let