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

Bitcoin continues to respect its macro bullish trend (🟠), trading within a large ascending channel that has guided price action for over a year. After breaking above the previous ATH 🟢, BTC entered a correction phase 🔻, retesting the green zone — a key structure now acting as support. The bulls stepped back in, initiating a new impulse phase 🔵. Currently, BTC is consolidating within a small blue descending channel — forming a classic bullish flag 🏁 pattern. ⚠️ For the bulls to take over and trigger the next impulsive wave toward $140,000 🎯, we need to see a confirmed break above this small blue channel. This would signal trend continuation and open the door to the upper boundary of the macro channel. ✅ Key levels to watch: - Support: ~$110,000 (green demand zone) 🟩 - Resistance: Top of the blue flag 🟦 - Target: $140,000 💰 A breakout from here could fuel the next major rally — stay sharp and follow the trend! 💬 What’s your bias here? Are you bullish or waiting for a deeper pullback? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr