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Technical analysis by melikatrader94 about Symbol BTC: Buy recommendation (7/6/2025)

https://sahmeto.com/message/3616527
melikatrader94
melikatrader94
Rank: 1739
2.4
Buy،Technical،melikatrader94

Hello guys!BTC is showing signs of a potential bullish reversal, forming a Quasimodo Level (QML) setup inside a valid S&D zone that remains unbroken despite multiple tests.The downward trendline has been broken and is now acting as support, aligning perfectly with the QML and demand zone. giving us a solid confluence area. Important to watch:Rejection wicks and volume building at $106.6K–$107.4K zone show strong buyer interest.If price can reclaim $109K and consolidate above, we could see a move toward $112K and higher.Invalidation below $106.4K suggests the demand has failed, and bears may regain control.target of the long position has been touched!

Translated from: English
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Signal Type: Buy
Time Frame:
1 hour
Profit Target:
$112,000
Stop Loss Price
$106,400
Price at Publish Time:
$108,429.35
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