Technical analysis by FM-ForexMastermind about Symbol BTC: Buy recommendation (7/23/2025)

🔔🔔🔔 BTC/USD news: ➡️ Bitcoin appears to be undergoing a short-term technical correction, suggesting a possible drop from above $120,000 to around $118,000. ➡️ BTC has been in a consolidation phase, trading between $116,000 and $120,000 after hitting an all-time high last week. Meanwhile, US-listed Bitcoin ETFs saw outflows of $131.35 million, ending a streak of daily inflows since July 2. ➡️ In my view, Bitcoin has consolidated its bullish momentum and is showing signs of breaking out of its recent range. After a successful retest, BTC is likely to resume its uptrend and could head towards $122,000. ➡️ Analysis based on support resistance levels and trend lines combined with SMA to come up with a suitable strategy Support zone 117,300 - 116,600 Resistance zone: 120,400 - 122,000 FM wishes you a successful trading day 💰💰💰