Technical analysis by MeeCoin about Symbol BTC: Buy recommendation (8/30/2025)

On the daily chart, BTC is currently forming a pin bar candlestick, signaling the possibility of a trend reversal. If no new selling pressure emerges within the next 8 hours, I expect BTC to confirm the pin bar close and break above the downtrend line. In this scenario, the price could rebound toward the 117k area before establishing a new trend. Before the daily candle closes, investors should carefully observe whether fresh selling pressure appears. This analysis is for reference only and should not be considered as financial advice.Update 1: BTC has moved as expected, breaking out of the descending trendline. However, selling pressure emerged on September 30th, forming a red daily candle that caused a slight deviation in price action. I recommend exercising proper risk management to remain in a safe zone. I am currently watching for a potential long entry if BTC retests the descending trendline, which could occur in the $118,000–$118,200 area.Apologies for the confusion in my previous note — the intended support level was 108k–108.2k, not 118k–118.2k. With the upcoming Fed interest rate announcement, I decided to close 40% of my spot position at 116.4k. I will wait for the news before making a decision on the remaining position. Since my current entry is already showing a solid profit, I will stop updating here. Wishing you all good health and success!