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Technical analysis by King_BennyBag about Symbol BTC: Buy recommendation (7/1/2025)

https://sahmeto.com/message/3607699
King_BennyBag
King_BennyBag
Rank: 694
2.8
Buy،Technical،King_BennyBag

BTC/USDT (1D) Market Outlook – July 1, 2025 Introduction BTC is currently consolidating within a bullish flag pattern after printing a swing high at 108.9K and a recent swing low at 98K. The price sits just below a major supply zone. Context 1: Key Zones Supply: 104.6K – 112.1K Demand: 74.4K – 82.5K Fair Value Gaps (FVG): 3 zones below price, with one near 88–90K Context 2: Technical Confluence Liquidation Zone: 106.2K Golden Pocket (Fib 0.618): 102.1K Psychological Levels: 105K and 110K Context 3: Market Structure Pattern: Bullish flag Trend (LTF): Sideways/consolidation Volume Profile: Heavy activity near 105K–110K Bullish Scenario Breaks above 106.2K (liq zone) Pulls back to 102.1K (golden pocket), forms higher low Retests resistance for continuation Alt scenario: clean breakout above resistance → ATH retest Bearish Scenario Breaks below 106.2K and flag support Fills FVG, breaks prior low at 98K Triggers macro downtrend toward 88–90K zone Summary BTC is at a decision point inside a bullish flag, facing supply. A break above 106.2K favors upside continuation, while rejection and a lower low could trigger a deeper retracement. Watch key levels closely.Just as predicted, price has now formed a successful rejection and broke above the resistance - now we need to wait for a retest on the resistance line. If this can hold we are safe.Target has now been reached! Congratulations to those who traded this with me.

Translated from: English
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Signal Type: Buy
Time Frame:
1 day
Price at Publish Time:
$106,475.36
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