Technical analysis by Sive-Morten about Symbol BTC: Buy recommendation (6/16/2025)

Morning folks, So, position taking stage is done, now let's take a look at targets. In general we have a sequence of a few targets, starting from 107.6-107.8, 109-110, 113 and 116K. But in current situation I would watch for only first two.Daily overbought is around 114, so 116K target seems too far. 113K is possible, but with rather extended downside action last week, it seems as very optimistic. That's why, more or less base case seems around 109-110K, while the easiest target is 107.6-107.8K.So, once the first target will be reached - think about partial profit booking, if you want to continue trading. Say, take off 30-40% and move stops to the breakeven on the rest.