Technical analysis by melikatrader94 about Symbol BTC: Buy recommendation (8/26/2025)

Hello guys! Bitcoin’s chart is getting really interesting right now. First off, BTC recently put in a double top up around the $124K area. Classic bearish signal. Once it lost the neckline, it confirmed the pattern, and at the same time, it broke down out of its rising channel. That’s two bearish signals stacking up. But here’s the twist... right now, price is sitting right on top of a monthly Flip zone (that pink area on the chart). This level used to be heavy resistance for a long time, and now it’s trying to act as support. So basically, we’ve got a kind of bottle-neck situation: - On one side, the double top breakdown is pointing lower. - On the other side, the monthly Flip is saying “not so fast.” Personally, I think the Flip zone might carry more weight. When a level holds this strong on the higher timeframe (monthly), it often overrides short-term bearish structures. If BTC respects this pink zone, we could see another bounce and maybe even invalidate the double top’s bearish follow-through. But if it breaks clean below, then the double top plays out fully and things could get uglier. For now, this zone is the battlefield.