Technical analysis by tradecitypro about Symbol BTC: Buy recommendation (8/6/2025)

👋 Welcome to TradeCity Pro! Let’s dive into Bitcoin analysis. In this analysis, I want to take a look at the higher timeframes since conditions in the lower timeframes haven't changed much compared to yesterday, and it’s a good idea to review the broader picture. 📅 Daily Timeframe In this timeframe, after the completion of the previous corrective leg that extended to the 78,000 zone, Bitcoin started a new uptrend and has managed to climb up to the 122,000 area. 💥 The most important resistance during this move was 110,183, which, as you can see, has been broken, and Bitcoin is still holding above this level. ✔️ The curved trendline we've drawn in the higher timeframes has been broken in this timeframe, but in my view, confirmation of this trendline break comes only after the 110,183 level is broken again to the downside. ⚡️ Currently, the RSI oscillator is sitting on a support level around 38.21. This area is a very important momentum zone for Bitcoin, and if it breaks, the likelihood of downward momentum entering the market increases. 🧩 However, we still need more confirmations for a bearish scenario, and breaking this level on the RSI alone does not confirm a trend reversal. 🔽 If the correction continues, the main support we currently have is at 110,183. The SMA99 also acts as a dynamic support and, if it overlaps with 110,183, will form a very strong PRZ (Potential Reversal Zone). 📈 If the uptrend wants to resume from here, the first trigger confirming trend continuation is the 120,000 high — and breaking the range between 120,000 and 122,000 will start the next bullish leg. ❌ Disclaimer ❌ Trading futures is highly risky and dangerous. If you're not an expert, these triggers may not be suitable for you. You should first learn risk and capital management. You can also use the educational content from this channel. Finally, these triggers reflect my personal opinions on price action, and the market may move completely against this analysis. So, do your own research before opening any position.