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Technical analysis by MyTradingJournal6th about Symbol BTC: Buy recommendation (7/6/2025)

https://sahmeto.com/message/3616351
MyTradingJournal6th
MyTradingJournal6th
Rank: 1550
2.5
Buy،Technical،MyTradingJournal6th

Timeframe: 4H | Exchange: Binance | Date: July 🧠 What’s Happening?Bitcoin just fired out of a bullish wedge with strong volume and is marching inside a clean rising channel.All eyes now on the golden Fibonacci zone — and beyond!🎯 Key Levels📍 Immediate Resistance:→ $109,940 – Holding at the 0.5 Fib→ $110,580 – $111,491: Golden Pocket (0.618–0.786 Fib)→ $112,652: Full Fib Extension + Channel Top📍 Support Zone:→ $108,200 – $107,800: Must hold for bulls→ Below $107.5K = momentum shift ⚠️🔍 Technical Signals Lighting Up✅ Bullish breakout from descending wedge✅ Strong volume confirms breakout intent✅ RSI at 57+, trending upward✅ MACD crossing bullish✅ Stochastic RSI curling from oversold✅ ADX increasing – trend gaining strength🚀 Trade Setup (Idea Only!)Above $110K = bullish continuationNext stops: $111.5K – $112.6KHold $108K = bullish structure intactBelow $107.5K = reevaluate bias🧨 Summary:Bulls have the momentum — but can they punch through the golden zone?$110K+ is the battleground. Break it, and we’re off to $112K+.💬 What’s your bias? Bulls or bears? Drop a chart or comment below 👇🔔 Follow for daily setups & sharp market commentary!

Translated from: English
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Signal Type: Buy
Time Frame:
4 hours
Profit Target:
$112,600
Stop Loss Price
$107,500
Price at Publish Time:
$108,874.33
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