Technical analysis by Goldfinch_song about Symbol BTC: Buy recommendation (8/10/2025)

BTC has broken a descending trendline and is pushing toward the mid-range resistance at 119,500. Above that sits a liquidity pocket at 121,000, with the range high at 123,250. Momentum signals on higher timeframes remain bullish, with accumulation patterns in place, but lower timeframes show bearish RSI divergences, suggesting the potential for a pullback before continuation. Bullish scenario: Hold above 117,000 – 117,454 (4H Bull FVG) keeps bullish momentum intact. Break and close above 119,500 sets up a liquidity sweep at 121,000. If momentum sustains, an extension toward 123,250 (Range High) becomes possible. Bearish / Invalidation scenario: Rejection from 119,500 followed by a break below 117,000 could pull price back toward 115,750 (Range Low). Loss of 115,750 exposes deeper retrace into 1W Bull FVG 110,655 – 115,900. Trading plan: Watch for breakout + retest of 119,500 to target 121k. Take partial profits into 121,000; leave runner toward 123,250. Protect downside if price loses 117,000.