Technical analysis by Guapeva about Symbol BTC: Buy recommendation (7/1/2025)

BTC is currently facing strong resistance from the descending trendline and is approaching the 23.6% Fibonacci retracement level of the recent bullish structure. From this zone, I’m anticipating either a breakout above the resistance or a possible retracement to deeper Fibonacci levels — potentially even down to the golden pocket area (between the 50% and 61.8% levels). On the 4H timeframe, indicators have returned to the bullish zone, supporting upward momentum for now. Additionally, we can observe a clean 1–5 Elliott Wave count, suggesting that the recent move may be completing or setting up for a correction before the next impulsive wave.