Technical analysis by ew-forecast about Symbol BTC: Buy recommendation (7/2/2025)

Morning all! Bitcoin has impulsive characteristics on 4h time frame, and we can clearly see five waves up that can send the price even higher after recent projected ABC correction. With the current impulsive recovery back above 106k area, it confirms that bulls are still here and we should be aware of further rally in July, especially if breaks above channel resistance line near 110k area. Seems like it's in wave (1) of a new five-wave bullish impulse, so after current wave (2) pullback, we can expect more gains within wave (3).As expected, with the recent projected bullish setup formation of waves (1) and wave (2), we can now see Bitcoin breaking channel resistance line, which confirms the bullish trend, so we can easily expect more gains within wave (3) of a new five-wave bullish impulse.