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Technical analysis by TradingShot about Symbol BTC: Buy recommendation (7/4/2025)

https://sahmeto.com/message/3615233
TradingShot
TradingShot
Rank: 595
2.9
Buy،Technical،TradingShot

Bitcoin (BTCUSD) has completed a Golden Cross on the 4H time-frame and is attempting to keep the 4H MA50 (blue trend-line) as Support. If successful, it has high probabilities of staging a Channel Up similar to April - May, which peaked on the 2.618 Fibonacci extension.So far, the bases of those to fractals are virtually identical, with a Lower Highs trend-line initially acting as a Resistance, which broke and on the current one it is testing the final Resistance (dotted trend-line).This is the green circle, which on April 21 staged a quick consolidation before breaking aggressively upwards. If the pattern continues to repeat itself, we can get $130k (Fib 2.618 ext) at the end of the Channel Up.Do you think it will? Feel free to let us know in the comments section below!-------------------------------------------------------------------------------** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **-------------------------------------------------------------------------------💸💸💸💸💸💸👇 👇 👇 👇 👇 👇

Translated from: English
Show Original Message
Signal Type: Buy
Time Frame:
4 hours
Profit Target:
$130,000
Stop Loss Price
$108,000
Price at Publish Time:
$108,975.22
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