Technical analysis by Elimzo about Symbol BTC: Buy recommendation (8/7/2025)

After a correction by 10% from ATH, BTC finally closed a huge gap on CME on $114.000 level, we are ready to see another wave of growth. I was waiting for BTC to break out EMA-200 level on 4-hour timeframe, after seeing how the price was consolidating below of EMA-200 and trying to break out a few times in a row, I opened a long position on $115280. So far I'm expecting to see the price to break out the upper channel and then we can expect BTC to try to hit new ATM since there is a lot of liqudity from short traders, but for your calmness, you can completely close your position on $120.000.