Technical analysis by jamesibartram about Symbol BTC on 9/1/2025

📊 BTC/USD – Multi-Timeframe Outlook 🔎 Monthly (1M) Bitcoin has broken out of a bullish wedge pattern and is now consolidating above previous breakout levels. Long-term structure still favors upside continuation with a target towards 150K if momentum resumes. Key structural support sits near 76K – 80K (prior breakout zone). 🕰 Weekly (1W) Clear Elliott Wave count: Wave (3) peaked ~135K, now correcting into Wave (4). Price retracing into a major support/demand zone around 105K – 110K. The liquidity trendline from earlier cycles still holds, making this a critical inflection point. Next move higher (Wave (5)) projects towards 135K – 150K. ⏱ Daily (1D) Market is testing major support aligned with 0.618 retracement + demand/FVG zone. Bullish reaction here could ignite the start of Wave (5). If broken, deeper retracement into the psychological 100K handle may occur before continuation. ⏳ 8H Short-term bearish momentum pushing into demand. Liquidity building below, stops resting around 105K – 107K. A bullish reaction from this zone would confirm Wave (4) completion and set up the impulse higher into Wave (5). 🎯 Trade Plan Bias: Bullish from demand (Wave 4 → Wave 5) Entry Zone: 105K – 110K demand region Targets: 135K short-term, 150K long-term Invalidation: Clean break & weekly close below 100K