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

Key Levels: Entry Point: 116,771 Stop Loss: 115,512 Target Point (TP): 119,8 📈 Trade Logic: 1. Bullish Breakout: Price has broken above a key resistance level around the 116,239–116,771 zone (highlighted in blue). This area was previously acting as a supply/resistance zone, now likely flipped into demand/support after the breakout. 2. Risk-Reward: Reward: ~3,100+ points (from entry to target) Risk: ~1,259 points (from entry to stop loss) Risk:Reward Ratio ≈ 1:2.8, which is favorable. 3. Target Zone: The TP at 119,879 aligns with a prior supply/resistance area seen at the top of the chart. This is labeled as "EA TARGET POINT". 4. Stop Loss Placement: Placed just below recent support around 115,512—this level has acted as a solid bottom over several days 🔧 Strategy Summary: Enter long above breakout with confirmation. Wait for a retest of the breakout zone (116,239–116,771) for potential safer entry. TP: 119,879 based on previous market structure. SL: 115,512 to protect against false breakout or trend revers 🧠 Technical Context: The pattern shows a V-shaped recovery after a prolonged consolidation. The breakout candle shows strength, suggesting momentum shift in favor of bulls. Could be part of a larger reversal if price holds above the entry zone.