Technical analysis by EA_GOLD_MAN_COPY_TRADE about Symbol BTC: Buy recommendation (8/16/2025)

Current Price: $117,460 BTC is consolidating after a recent downward channel move. Trend Structure: The chart shows a descending channel (blue). Price has been making lower highs and lower lows but is now testing the lower boundary. Key Levels: Entry Point: Around 116,482 (slightly above support). Stop Loss: Around 115,928 (below channel support). Target Points: 124,562 125,058 These are strong resistance zones and potential profit-taking areas. Pattern Suggestion: The projection suggests a reversal from the channel bottom (116,519 area), aiming toward the 124K–125K resistance zone. Risk/Reward: Risk: About ~550 points (from 116,482 entry to 115,928 stop loss). Reward: About 7,900 points (to 124,562 target). This provides a high R:R ratio (~1:14), favorable for long positions. 📌 Summary Bias: Bullish reversal expected. Entry: 116,482 Stop Loss: 115,928 Targets: 124,562 – 125,058 Setup: Buy from channel support for a potential breakout toward upper resistance levels.