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

🚨 #BTC Update – 31.08.2025 🚨 Bitcoin has entered a deep retracement phase after printing a fresh new high. 📉 We just saw a breakdown below our black support line, and now the price is sitting on a major support around \$108K. 👉 Key Outlook: * If Bitcoin closes today’s candle above the yellow zone, the market sits at a 50/50 decision point – it could either recover upward or extend the retracement. * A breakdown below \$108K would likely push us into a weekly deep retracement with targets around \$96K. * On the way down, we’ll watch Arrow #4 & #5 levels closely. * Arrow #4 is the key wave level 🔑. * If that gives way, we could even see a retest of \$92K (Arrow #6) before reversal. 🔥 On the bullish side: If Bitcoin manages to break back above the black resistance lines, this will be a very bullish signal – opening the door for another powerful rally and potentially a new all-time high soon. 🚀 📊 Summary: * ✅ Above yellow = decision zone (watch closely). * ❌ Below 108K = retracement targets \$96K → \$92K. * 💎 Above black lines = bullish breakout → new highs ahead. Stay sharp, fam! ⚡️ Big moves are coming – patience and discipline will pay off. 🙌