Technical analysis by axxxis666 about Symbol BTC: Buy recommendation (7/2/2025)

Comming from shorters take profit area, formed a bullish ih&s pattern. If closes above 108725 in 4hr time, may activate the pattern. Targets are 111500, 115000 and 120000 Invalidation if closes below 105kIt didn't form a swing below the resistance and break it immediately; instead, it faded after the daily market closed. This is likely due to the absence of a swing low, making long traders hesitant as the Risk/Reward Ratio (RRR) is no longer appealing. Bitcoin has formed a bearish head and shoulders pattern on the 15-minute timeframe, with a Target Price 2 (TP2) in the 106,500 area. Since this big bullish head and shoulders pattern is active, I will place my long order at the shorters' TP2 106500.Coming from 1.618 area and a breakout after small diagonal resistance. Tp 1 reachedIt didn't reached my initial order but i was able to entry at the breakout above.Tp 2 reachedPlease take some partial profits now.All target reached