Technical analysis by chefa about Symbol BTC: Buy recommendation (9/10/2025)

The chart clearly shows an inverse head and shoulders formation: Left Shoulder: ~Aug 25 low. Head: ~Aug 29 low. Right Shoulder: ~Sep 5-7 low. This is a bullish reversal pattern after a prolonged downtrend. The breakout above the neckline (around 113,200 – 113,500) confirms the bullish bias. Fib & Extension Targets : Immediate target: Fibonacci 1.0 extension ~119,600. Extended target: 1.618 extension ~123,500. These align well with previous resistance levels (early August highs).