Technical analysis by DeGRAM about Symbol BTC: Buy recommendation (8/4/2025)

📊 Technical Analysis ● BTCUSD has bounced from confluence support at 112.3k–114.8k, reclaiming the ascending support line and validating the lower boundary of the rising triangle. ● Price action suggests a bullish continuation setup with targets at 119.9k and extension to the upper resistance near 122.5k–125k. 💡 Fundamental Analysis ● US labor data slowdown and dovish Fed commentary have pulled real yields lower, boosting crypto demand. ● Glassnode reports ongoing whale accumulation and rising stablecoin inflows, signaling positive capital rotation into BTC. ✨ Summary Long above 114.8k. Targets 119.9k → 122.5k+. Setup invalidated on a break below 112.3k support. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!Closed +7%