Technical analysis by MALBERT3468 about Symbol BTC: Buy recommendation (7/1/2025)

May be consoldation Market bullish in up trend .1. Key Zones IdentifiedResistance Zone (~109,000 – 110,000 USD):Marked by the upper blue shaded rectangle. This is where price previously got rejected multiple times, forming a ceiling.Support Zone (~105,000 – 106,000 USD):Marked by the lower blue shaded area. This is where price bounced back up multiple times, forming a floor.2. Chart PatternDescending Channel (Bearish Trend):The price moved downward inside a slanted channel (indicated with green lines and shading), respecting the upper and lower boundaries of this channel.Breakout Setup:The price appears to be breaking out of the descending channel, with a bullish green arrow showing a projected upward move. This suggests a potential reversal from the recent downtrend.3. Trading OutlookBullish Breakout:The large blue arrow and green zone imply an expectation of upward price movement. The red box below that arrow may indicate the stop-loss zone, signaling where risk is defined.Entry Zone:Price currently at ~105,765, possibly just breaking out of the descending channel. This may be interpreted as a long entry opportunity.4. Strategy InterpretationBuy Signal Confirmation:If price closes above the descending channel with volume, it supports a long (buy) setup.Target AreaAround 108,000 – 109,000 USD, likely aiming to retest the previous resistance zone.Stop-Loss Zone:Below 105,000 USD to manage risk.Congratulation guys our half target has been achived around 100+PIPS is in running progress . market is in our favour .Congratulation guys our target has been hit around 386+PIPS in profit . its a big target and ready for next target.