Technical analysis by DatTong about Symbol BTC: Buy recommendation (8/22/2025)

Fundamental approach: - Bitcoin prices declined amid a risk-off tone and sizeable spot ETF outflows following last week's post-record pullback and liquidation-driven volatility. - Selling pressure was reinforced by Tue's sharp net redemptions from US spot Bitcoin ETFs (about $523M), alongside broader crypto weakness early in the week; traders also positioned around macro risk with attention on policy signals from Jackson Hole. - Concurrently, recent rotations toward ETH products contrasted with BTC's softer demand profile in Aug, adding relative headwinds. - Ahead, BTC could remain sensitive to ETF flow trends and Fed communication. The persistent outflows and cautious risk sentiment may cap rebounds, while a flow stabilization could restore bid momentum. Technical approach: - BTCUSD broke the ascending trendline and was between both EMAs. The price is testing EMA78, which is in confluence with support at 112000. - If BTCUSD breaches the support below 112000 and the neckline of the double-top pattern, the price may plunge to the following support at 106200. - On the contrary, a close above 115000 may prompt a further retest of the broken descending trendline. Analysis by: Dat Tong, Senior Financial Markets Strategist at ExnessIt's a wrong label with "Long" while it should be "Short", plz help to take note.