Technical analysis by HendyHalim about Symbol BTC: Buy recommendation (8/3/2025)

Based on current market movement in my personal humble opinion there’s good chance for btcusd to go up again to test 120k level or the best case another ATH. The reason behind this is we have complete correction in the form of regular flat (yellow pattern line) and based on this tf (h4) we can spot bullish engulfing price action at the end of possible wave C of the regular flat I have mentioned earlier. The stop can be below the low pf the latest bullish engilfing candle. Risk not more than 1%. If it takes me out then I’ll look for another reenter below as even if the market breaks the low of the regular flat, the bias doesn’t change at all.