Technical analysis by FXOnTop about Symbol BTC: Buy recommendation (7/15/2025)

Hi traders! , Analyzing BTC/USD on the 30-minute timeframe, we can observe that price is respecting the ascending channel and reacting to the dynamic trendline support (blue line). This bounce, aligned with prior structure, signals a potential bullish continuation. 🔹 Entry: 116,249 🔹 Take Profit (TP): 119,434 🔹 Stop Loss (SL): 113,105 Price remains above the 200 EMA and respecting the trendline. RSI shows bullish divergence, suggesting upward momentum. Strong reaction from the P-level (pivot point) at 115,373. Bullish engulfing candle printed near the blue trendline. This long setup presents a favorable risk/reward ratio within the context of the broader trend. Targeting a clean break above previous resistance and return to the R1 zone. ⚠️ DISCLAIMER: This is not financial advice. Trade at your own risk and always use proper risk management