Technical analysis by Sive-Morten about Symbol BTC: Buy recommendation (7/21/2025)

Morning folks, Prior 1H H&S was done, we were watching on 120K resistance area, as we said last time. Now, on 1H chart H&S is showing signs of failure - too extended right arm, no downside breakout. Price is taking the shape of triangle . All these signs are bullish. Because butterflies very often appear on a ruins of H&S, we suggest that this one could be formed here... The risk level for this scenario is 116K lows - BTC has to stay above it to keep butterfly (and triangle) valid, otherwise, deeper retracement to 112K area could start. Upside target starts from 123K top and up to 125K butterfly target.