Technical analysis by afurs1 about Symbol BTC: Buy recommendation (7/31/2025)

Today, I observed that Bitcoin may be unfolding within a complex double corrective wave structure—specifically a WXY pattern—potentially culminating in a contracting triangle. Such corrective formations represent a temporal pullback, wherein the market undergoes a period of consolidation following an impulsive advance, also referred to as a pullback in time. This phase often serves as a mechanism for establishing structural support within a defined range prior to a continuation move. A key point of uncertainty lies in whether the integrity of the triangle has been compromised by the recent, pronounced liquidity sweep. From the perspective of both the daily and 4-hour charts, this move resembles a classic deviation or "fake-out" rather than a legitimate breakout. Nonetheless, the market may remain in a state of indecision for a few more sessions, characterized by erratic or range-bound price action, before committing to a more definitive trend. A sustained break and successful retest above the 120K level would serve as a strong technical confirmation that Bitcoin intends to pursue higher valuations.We have the alternate scenario here which is a double combo where the Y wave takes the W.Would be nice to see a bounce here, also 3 drives pattern. If not, then look to the 1-1 extension around 111kTaking a long trade hereLooks like btc wishes to hit the 1-1 around $111k.