Technical analysis by SiDec about Symbol BTC: Buy recommendation (8/31/2025)

BTC has been in a 17-day downtrend since the swing failure at the ATH (~$124.5K). That move acted as both a bull trap and the completion of a 5-wave structure, offering an excellent short entry at the highs. Now the key question: where is BTC heading next, and where is the next high-probability trade setup? Current Situation BTC is sitting at the 0.618 Fib retracement ($108,236) of the move from $98.2K → $124.5K. Many traders are already buying this level, which is valid but a deeper zone below offers stronger confluence. 🧩 Confluence Zone: $105K–$104K POC of the previous trading range → ~$104K 0.75 Fib retracement: $104,768.5 0.786 Fib retracement: $103,823 Anchored VWAP (from swing low $74,508) → just above the 0.786 Fib Midpoint of the previous 60-day range Liquidity cluster → positioned around $105K–$104K 1.618 Fib extension target: $104,296 Pitchfork midline → supporting this level 200 EMA (daily) → adding dynamic support at ~$104K This creates a high-confluence support cluster between $105K–$104K, making it the next strong long setup. 🟢 Long Trade Setup Entry Zone: $106K–$104K Stop-Loss: Below $103K TP: $110K-$114K R:R Potential: 1:2+ Technical Insight The ATH rejection confirmed both bullish exhaustion and a completed 5-wave move, triggering the current correction. While the 0.618 retracement offers valid support, the $105K–$104K zone holds significantly stronger confluence. This makes it the most attractive high-probability long entry zone in the current structure. 🔍 Indicators used Multi Timeframe 8x MA Support Resistance Zones [SiDec] → to identify support and resistance zones such as the daily 200 EMA/SMA. ➡️ Available for free. You can find it on my profile under “Scripts” and apply it directly to your charts for extra confluence when planning your trades. _________________________________ 💬 If you found this helpful, drop a like and comment!